CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 31 ST OCTOBER 2014
DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures rose on an improvement in demand, though expectations of higher production capped the upside. The key November contract closed 0.87 percent higher at 6,230 rupees per 100 kg.
TURMERIC (NOVEMBER) DAILY CHART
TURMERIC (NOVEMBER) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 6064, SUPPORT 2: 5950, RESISTENCE 1: 6330, RESISTENCE 2: 6540. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soybean futures ended steady on Thursday after hitting a two-month high as profittaking offset an improvement in export demand for soymeal, while soyoil eased on higher imports of edible oils. A surge in overseas soymeal prices also supported soybeans. U.S. soymeal rose to a seven-week high on Thursday on a slow start to a record soybean harvest and traffic congestion on the country's railroads.
SOYABEAN (NOVEMBER) DAILY CHART
SOYABEAN (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1:3240, SUPPORT 2: 3154, RESISTENCE 1: 3335, RESISTENCE 2: 3400. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures surged to their highest level in nearly seven months on good demand from mills. The November contract finished up 2.9 percent at 3,131 rupees per 100 kg, after rising to 3,156 rupees earlier in the day, the highest level since April 7.
CHANA (NOVEMBER) DAILY CHART
CHANA (NOVEMBER) TECHNICAL VIEW: TREND: BULLISH SUPPORT 1: 3090, SUPPORT 2: 3020, RESISTENCE 1: 3200, RESISTENCE 2: 3247. STRATEGY: BUY ON DIPS DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures gained on bargain buying. The key November contract rose 0.4 percent to 11,420 rupees per 100 kg.
JEERA (NOVEMBER) DAILY CHART
JEERA (NOVEMBER) TECHNICAL VIEW: TREND: CONSOLIDATE SUPPORT 1: 11285, SUPPORT 2: 11215, RESISTENCE 1: 11550, RESISTENCE 2: 11720. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT
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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