1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
29TH SEPTEMBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures traded higher on NCDEX on short-covering as the monsoon has been active in growing areas of south India and more rains at this juncture could damage the crop. Further, restricted supplies from producing region too supported yellow spice prices’ uptrend. TURMERIC (OCTOBER) DAILY CHART
TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 5850,
SUPPORT 2: 5740, RESISTENCE 1: 6178,
RESISTENCE 2: 6270. STRATEGY: SELL ON RISE
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Soybean futures traded lower on NCDEX on account of sluggish export demand for soymeal. However, expectations of higher demand due to upcoming festivals, limited some losses in soybean prices to some extent. SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1:3078,
SUPPORT 2: 3010, RESISTENCE 1: 3154,
RESISTENCE 2: 3334. STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded lower on NCDEX on account of sluggish demand in the spot markets amidst hopes of higher output from the major producing belts. However, news of the withdrawal of monsoon rains from some parts of the western region, capped some losses in chana prices to some extent. CHANA (OCTOBER) DAILY CHART
CHANA (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 2740,
SUPPORT 2: 2695, RESISTENCE 1: 2811,
RESISTENCE 2: 2830. STRATEGY: SELL ON RISE
5. DAILY AGRI COMMODITY REPORT
JEERA Jeera futures traded up on NCDEX on account of fall in supplies from producing belts against fresh buying by retailers and stockiest. Besides, firming trend in futures market also supported the uptrend. JEERA (OCTOBER) DAILY CHART
JEERA (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 10380,
SUPPORT 2: 10300, RESISTENCE 1: 10705,
RESISTENCE 2: 10940. STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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