CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 26 TH JUNE 2014
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AGRI WRAP
TURMERIC Turmeric futures slipped on profit-taking and are expected to open steady-to-weak in the next session due to a drop in overseas demand. The key July contract closed 0.97 percent down at 6,554 rupees per 100 kg.
TURMERIC (JULY) DAILY CHART
TURMERIC (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 6470, SUPPORT 2: 6316, RESISTENCE 1: 6710, RESISTENCE 2: 6870. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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SOYABEAN Indian soyoil futures fell on Wednesday, shrugging off gains in the overseas market where benchmark Malaysian palm oil futures rose for a third session. Soybean futures dropped due to poor soymeal sales, but the rapeseed contract marginally rose due to some improvement in demand. Oilseed futures are likely to open weak on Thursday due to weak demand from local buyers and lacklustre soymeal exports. Malaysian palm oil futures rose for a third session on Wednesday to their highest in nearly a month, after a small improvement in export data raised hopes of a recovery in demand, and as the ongoing conflict in Iraq propped up crude prices.
SOYABEAN (JULY) DAILY CHART
SOYABEAN (JULY) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:3890, SUPPORT 2: 3845, RESISTENCE 1: 4020, RESISTENCE 2: 4050, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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CHANA Chana, or chickpea, futures closed higher on a delay in monsoon rains, though subdued demand from local buyers limited the upside. The July chana contract ended up 0.32 percent to 2,859 rupees per 100 kg.
CHANA (JULY) DAILY CHART
CHANA (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2788, SUPPORT 2: 2760, RESISTENCE 1: 2876, RESISTENCE 2: 2935. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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JEERA Jeera, or cumin seed, futures ended lower on some weakness in overseas demand and higherthan-expected supplies in the spot market. The key July contract fell 0.48 percent to 11,340 rupees per 100 kg.
JEERA (JULY) DAILY CHART
JEERA (JULY) TECHNICAL VIEW: TREND: BULLISH SUPPORT 1: 11225, SUPPORT 2: 11150, RESISTENCE 1: 11650, RESISTENCE 2: 11750. 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
http://www.capitalstars.com