1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
12TH SEPTEMBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures slipped due to sluggish local and export demand. The key October contract closed 1.16 percent lower at 6,284 rupees per 100 kg. TURMERIC (OCTOBER) DAILY CHART
TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 6220,
SUPPORT 2: 6164, RESISTENCE 1: 6500,
RESISTENCE 2: 6820. STRATEGY: SELL ON RISE
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian vegetable oils and oilseeds futures rose on Thursday, propelled by overseas markets, and palm oil futures surged on signs that demand may jump after a rise in exports. Malaysian palm oil futures rose to a more-than-three-week high on Thursday, lifted by hopes that demand might be picking up after a jump in exports, although caution over palm stocks that have swollen past 2 million tonnes kept a lid on gains. Shipments of Malaysian palm oil products surged about 40 percent in the first 10 days of September compared to the same period in August, cargo surveyors reported, after the No.2 producer said it would temporarily scrap export duties for the crude grade. SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1:3080,
SUPPORT 2: 2950, RESISTENCE 1: 3280,
RESISTENCE 2: 3370, STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures fell on hopes of bumper production from the winter-sown crop due to good rainfall in the top producing state of Madhya Pradesh. The October contract closed 0.57 percent lower at 2,808 rupees per 100 kg. CHANA (OCTOBER) DAILY CHART
CHANA (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 2780,
SUPPORT 2: 2740, RESISTENCE 1: 2870,
RESISTENCE 2: 2950. STRATEGY: SELL ON RISE
5. DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures ended weak as an improvement in demand offset prospects of higher output due to good rainfall in the top producing Gujarat state. The key October contract closed 0.37 percent lower at 10,810 rupees per 100 kg. JEERA (OCTOBER) DAILY CHART
JEERA (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 10750
SUPPORT 2: 10675, RESISTENCE 1: 11100,
RESISTENCE 2: 11340. STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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