CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 11 TH JULY 2014
DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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AGRI WRAP
TURMERIC Turmeric futures fell on profit-taking and as the monsoon revived in key producing southern states. The key August contract finished down 0.41 percent at 6,386 rupees per 100 kg.
TURMERIC (AUGUST) DAILY CHART
TURMERIC (AUGUST) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 6316, SUPPORT 2: 6164, RESISTENCE 1: 6480, RESISTENCE 2: 6600. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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SOYABEAN Indian soyoil and rapeseed futures rose following gains in Malaysian palm oil prices, while soybeans fell due to poor exports demand for soymeal. Malaysian palm oil futures rose on Thursday, bouncing off a nine-month low hit in early trades, after an industry report showed that stocks in the No.2 producer sank to a one-year low, signalling tighter supplies ahead. Oilseeds and soyoil futures are likely to open higher in the next session as soybean sowing has been delayed in top producing central state of Madhya Pradesh due to scanty rainfall. The key October soybean contract dropped 0.41 percent to 3,682 rupees per 100 kg, while the August rapeseed contract rose 0.57 percent to 3,555 rupees per 100 kg.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:3660, SUPPORT 2: 3590, RESISTENCE 1: 3780, RESISTENCE 2: 3870, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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CHANA Chana, or chickpea, futures ended steady as bargain-buying offset ample supplies and weak demand. The August chana contract closed unchanged at 2,791 rupees per 100 kg.
CHANA (AUGUST) DAILY CHART
CHANA (AUGUST) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 2740, SUPPORT 2: 2695, RESISTENCE 1: 2820, RESISTENCE 2: 2925. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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JEERA Jeera, or cumin seed, futures fell on sluggish demand, though concerns about production limited the downside. The key August contract dropped 0.30 percent to 11,515 rupees per 100 kg.
JEERA (AUGUST) DAILY CHART
JEERA (AUGUST) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 11400, SUPPORT 2: 11250, RESISTENCE 1: 11700, RESISTENCE 2: 11820. 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