CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 19 TH JUNE 2014
DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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AGRI WRAP
TURMERIC Turmeric futures rose on forecast of below normal rains which may lead to lower acreage coupled with declining arrivals. Sowing of Turmeric in AP for the 2013-14 season is reported at 0.53 lakh ha, as against 0.68 lakh ha last year and a normal sowing of 0.68 lakh ha. The key July contract finished up 4 percent at 6,464 rupees per 100 kg.
TURMERIC (JULY) DAILY CHART
TURMERIC (JULY) TECHNICAL VIEW: TREND: BULLISH SUPPORT 1: 6400, SUPPORT 2: 6330, RESISTENCE 1: 6580, RESISTENCE 2: 6680. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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SOYABEAN Indian soyoil futures rose, in line with the global market where palm oil prices jumped for a fifth straight day because of higher crude oil prices and a rise in soyoil markets. Rapeseed rose due to concerns about poor monsoon rains, while soybean fell due to weak demand in the domestic market. India's monsoon is expected to bring below-average rainfall this year, with precipitation between June and September seen between 90 and 96 percent of the long-term average. Monsoon rains in India were 48 percent below average levels in the week to June 11, data from the weather office showed on Thursday, reflecting the late onset of the annual rains over the southern Kerala coast.
SOYABEAN (JULY) DAILY CHART
SOYABEAN (JULY) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1:4050, SUPPORT 2: 4000, RESISTENCE 1: 4120, RESISTENCE 2: 4180, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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CHANA Chana, or chickpea, futures extended gains on buying at lower levels and concerns over production of summer-sown pulses due to a delay in the arrival of monsoon rains. The July chana contract rose 0.99 percent to 2,854 rupees per 100 kg.
CHANA (JULY) DAILY CHART
CHANA (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2810, SUPPORT 2: 2760, RESISTENCE 1: 2870, 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 edged higher on better demand. The key July contract gained 1.12 percent to 10,855 rupees per 100 kg.
JEERA (JULY) DAILY CHART
JEERA (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 10670, SUPPORT 2: 10530, RESISTENCE 1: 10950, RESISTENCE 2: 11200. STRATEGY: SELL ON RISE 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