Daily commodity report(1)

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT 06 TH JUNE 2014

DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com

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AGRI WRAP

TURMERIC Turmeric futures edged lower on NCDEX as speculators reduced positions amidst sluggish demand in spot market against adequate inventory in the domestic market. Moreover, poor quality of arrivals and slack upcountry demand for the yellow spice also dampened the sentiments.

TURMERIC (JUNE) DAILY CHART

TURMERIC (JUNE) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 5880, SUPPORT 2: 5780, RESISTENCE 1: 6200, RESISTENCE 2: 6320.

STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com

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SOYABEAN Soyabean futures showed a mixed trend on NCDEX. The near term contracts rose on the expectations of rise in domestic as well as export demand, while July contracts declined due to ample stocks availability in the physical market on account of higher supply from the producing belts.

SOYABEAN (JUNE) DAILY CHART

SOYABEAN (JUNE) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:4400, SUPPORT 2: 4320, RESISTENCE 1: 4505, RESISTENCE 2: 4672, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com

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CHANA Chana futures mixed trend on NCDEX as speculators enlarged positions on rising demand in the spot market against tight supplies from the major producing belts. However, sowing prospects for the summer crop improved with the approaching of the monsoon rains on the southern coast, capped some gains in chana prices.

CHANA (JUNE) DAILY CHART

CHANA (JUNE) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2740, SUPPORT 2: 2695, RESISTENCE 1: 2880, RESISTENCE 2: 2952.

STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com

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JEERA Jeera futures traded down on NCDEX as speculators offloaded positions, triggered by subdued exports demand. Besides, adequate stocks in the physical market on increased supplies from producing regions further fueled the downtrend.

JEERA (JUNE) DAILY CHART

JEERA (JUNE) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 10700, SUPPORT 2: 10300, RESISTENCE 1: 11260, RESISTENCE 2: 11460.

STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com

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CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)

DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com

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