The daily commodity report from CapitalStars Financial Research provides analysis and recommendations for turmeric, soybean, chickpea, and jeera futures contracts trading in India. Turmeric and jeera futures rose due to concerns about crop quality and export demand. Soybean futures increased with international market cues and local festival demand. Chickpea futures also rose from miller and festival demand. Technical indicators are given showing support and resistance price levels, and strategies to buy on dips or sell on rises are provided.
Daily agri commodity report focuses on turmeric, soybean, chana and jeera
1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
17TH SEPTEMBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures rose on concerns about the quality of the crop due to delayed rains. The key October contract closed up 1.02 percent at 6,140 rupees per 100 kg. TURMERIC (OCTOBER) DAILY CHART
TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 5980,
SUPPORT 2: 5850, RESISTENCE 1: 6170,
RESISTENCE 2: 6370. STRATEGY: SELL ON RISE
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian oilseeds and soyoil futures rose on Tuesday following bullish cues from the international market while a pick-up in local demand ahead of festivals also aided the upside. U.S. new-crop soybean futures rose for the third consecutive session on Tuesday, the longest rally in nearly three months, supported by bargain buying and concern over potential crop damage. SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1:3240,
SUPPORT 2: 3140, RESISTENCE 1: 3370,
RESISTENCE 2: 3480. STRATEGY: BUY ON DIPS
4. DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures rose on a pick-up in demand from millers and a rise in local buying ahead of festivals. The October contract closed 1.88 percent higher at 2,866 rupees per 100 kg. CHANA (OCTOBER) DAILY CHART
CHANA (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 2830,
SUPPORT 2: 2780, RESISTENCE 1: 2890,
RESISTENCE 2: 2950. STRATEGY: BUY ON DIPS
5. DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures rose on export inquiries though prospects of higher output due to good rainfall in top producing Gujarat state are seen weighing on prices on Wednesday. The key October contract closed 1.21 percent up at 10,910 rupees per 100 kg. JEERA (OCTOBER) DAILY CHART
JEERA (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 10675
SUPPORT 2: 10530, RESISTENCE 1: 10940,
RESISTENCE 2: 11100. STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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