CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 30 TH JUNE 2014
DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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AGRI WRAP
TURMERIC Turmeric futures ended higher on export demand. Weak monsoon, expectations of a decline in the acreage coupled with declining arrivals support prices at lower levels. The key July contract rose 1.36 percent to close at 6,522 rupees per 100 kg.
TURMERIC (JULY) DAILY CHART
TURMERIC (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 6350, SUPPORT 2: 6300, RESISTENCE 1: 6580, RESISTENCE 2: 6700. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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SOYABEAN Indian soyoil futures rose on Friday, shrugging of losses in the global market where benchmark Malaysian palm oil futures fell for a second straight day. Soybean and rapeseed futures also rose due to concerns over forecasts of below-average monsoon rains this year. India's rain shortfall shrank in the third week since the onset of its monsoon, recovering a little after a poor start, but farmers remain concerned as rains are a third below normal due to sluggish progress toward grain belts in the northwest. Subdued export demand for soy meal may weigh on sentiment, though concerns over the delayed monsoon could aid prices at lower levels.
SOYABEAN (JULY) DAILY CHART
SOYABEAN (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:3950, SUPPORT 2: 3890, RESISTENCE 1: 4020, RESISTENCE 2: 4050, STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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CHANA Chana, or chickpea, futures ended higher due to worries about the late rains. The July chana contract ended up 1.63 percent to 2,874 rupees per 100 kg.
CHANA (JULY) DAILY CHART
CHANA (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 2818, SUPPORT 2: 2747, RESISTENCE 1: 2935, RESISTENCE 2: 3000. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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JEERA Jeera futures traded up on NCDEX as speculators created fresh positions amid pick-up in export demand. Moreover, increased buying by retailers and stockists amid paucity of stocks due to restricted arrivals from producing belts pushed up Jeera prices in the derivatives market.
JEERA (JULY) DAILY CHART
JEERA (JULY) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 11150, SUPPORT 2: 11000, RESISTENCE 1: 11360, RESISTENCE 2: 11500. 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