CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 07 TH JULY 2014
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AGRI WRAP
TURMERIC Turmeric futures fell because of profit-taking although the downside was limited due to weak monsoon rains over the southern parts of India, mainly Andhra Pradesh. The key August contract finished down 1.7 percent at 6,668 rupees per 100 kg on the NCDEX.
TURMERIC (AUGUST) DAILY CHART
TURMERIC (AUGUST) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 6430, SUPPORT 2: 6316, RESISTENCE 1: 6728, RESISTENCE 2: 6830. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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SOYABEAN Soybean futures recovered towards the end of the trading session on fresh buying. Planting delays in the central part of the country also supported prices. Rapeseed futures also rose in line with soybeans. India's monsoon rainfall was 53 percent below average for the week ended July 2, the fourth straight week of poor rains after a delayed onset. The key October soybean contract edged up 1.04 percent to 3788 rupees per 100 kg, while the August rapeseed contract rose 0.28 percent to 3,545 rupees per 100 kg.
SOYABEAN (AUGUST) DAILY CHART
SOYABEAN (AUGUST) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:3690, SUPPORT 2: 3660, RESISTENCE 1: 3870, RESISTENCE 2: 3945, STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: info@capitalstars.com
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CHANA India's chana, or chickpea, futures fell on Friday, as supplies picked up after government raids against hoarders to ease market concerns over possible supply shortages. The August chana contract fell 3.34 percent to 2807 rupees per 100 kg on the National Commodity & Derivatives Exchange.
CHANA (AUGUST) DAILY CHART
CHANA (AUGUST) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 2740, SUPPORT 2: 2695, RESISTENCE 1: 2840, 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 edged higher due to an improvement in demand. The key August contract rose 0.6 percent to 11,475 rupees per 100 kg.
JEERA (AUGUST) DAILY CHART
JEERA (AUGUST) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 11250, SUPPORT 2: 11000, 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