CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT 10 TH APRIL 2014
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AGRI WRAP TURMERIC Turmeric futures traded higher on NCDEX as speculators created fresh positions, supported by rising demand in the spot market. Moreover, expectation of lower output as well as fresh orders from North India also supported the uptrend of the commodity prices.
TURMERIC (MAY) DAILY CHART
TURMERIC (MAY) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 6140, SUPPORT 2: 6056, RESISTENCE 1: 6480, RESISTENCE 2: 6580. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: 0731-6662200 E-mail: info@capitalstars.com
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SOYABEAN Soyabean futures traded up on NCDEX on lack of supplies of the commodity in the United States and domestic market across Madhya Pradesh. However, expectation of higher acreage under soybean in US and slower demand from China, capped some gains in soyabean prices to some extent.
SOYABEAN (MAY) DAILY CHART
SOYABEAN (MAY) TECHNICAL VIEW: TREND: BULLISH SUPPORT 1:4350, SUPPORT 2: 4290, RESISTENCE 1: 4430, RESISTENCE 2: 4476. STRATEGY: BUY ON DIPS. DAILY AGRI COMMODITY REPORT Phone: 0731-6662200 E-mail: info@capitalstars.com
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CHANA Chana futures traded lower on NCDEX on sluggish demand from millers following arrival of inferior quality of the commodity. Further, expectations of higher output from the major producing belts too added pressure on chana prices.
CHANA (MAY) DAILY CHART
CHANA (MAY) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 3075, SUPPORT 2: 3040, RESISTENCE 1: 3180, RESISTENCE 2: 3260. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: 0731-6662200 E-mail: info@capitalstars.com
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JEERA Jeera futures traded down on NCDEX on account of heavy long liquidation triggered by higher arrivals in the Unjha market and strong production estimates in Gujarat. Further, speculators reduced their holdings on the back of sluggish demand in the spot market mainly pulled down Jeera prices at futures trade.
JEERA (MAY) DAILY CHART .
JEERA (MAY) TECHNICAL VIEW: TREND: BEARISH SUPPORT 1: 9600, SUPPORT 2: 9340, RESISTENCE 1: 10450, RESISTENCE 2: 10700. STRATEGY: SELL ON RISE DAILY AGRI COMMODITY REPORT Phone: 0731-6662200 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: 0731-6662200 E-mail: info@capitalstars.com
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