1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
19TH
AUGUST 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP
TURMERIC
Turmeric futures fell on sluggish exports, though stocking up ahead of festivals and delay in
sowing are seen supporting prices in the next session. Delay in monsoon rains pushed back
turmeric sowing in the top cultivating areas raising concerns about yields. The key September
contract finished down 0.79 percent at 6,544 rupees per 100 kg.
TURMERIC (SEPTEMBER) DAILY CHART
TURMERIC (SEPTEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 6450,
SUPPORT 2: 6310,
RESISTENCE 1: 6670,
RESISTENCE 2: 6780.
STRATEGY: BUY ON DIPS
3. DAILY AGRI COMMODITY REPORT
SOYABEAN
Indian oilseeds and soyoil futures fell on Monday, tracking weak Malaysian palm oil, while a
recovery in the area under cultivation due to recent rains also added to the fall. * Malaysian
palm oil was flat on Monday, as traders waited for clearer signs on whether prices would
weaken further after hitting the lowest in nearly five years last week in their biggest weekly
drop for 18 months. The key October soybean contract closed down 2.13 percent at 3,441
rupees per 100 kg, while the September rapeseed contract fell 1.56 percent to 3,399 rupees per
100 kg.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH
SUPPORT 1:3350,
SUPPORT 2: 3260,
RESISTENCE 1: 3490,
RESISTENCE 2: 3550,
STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA
Chana, or chickpea, futures rose on a pickup in local demand ahead of festivals amid limited
local supply. The September chana contract closed up 0.69 percent at 2,909 rupees per 100 kg.
CHANA (SEPTEMBER) DAILY CHART
CHANA (SEPTEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2878,
SUPPORT 2: 2835,
RESISTENCE 1: 2960,
RESISTENCE 2: 3020.
STRATEGY: SELL ON RISE
5. DAILY AGRI COMMODITY REPORT
JEERA
Jeera, or cumin seed, futures fell due to slack demand in the spot market though some fresh
export inquiries limited the downside. The key September contract ended down 0.40 percent at
11,195 rupees per 100 kg.
JEERA (SEPTEMBER) DAILY CHART
JEERA (SEPTEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 11100,
SUPPORT 2: 10920,
RESISTENCE 1: 11350,
RESISTENCE 2: 11450.
STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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PLOT NO. 12, SCHEME NO. 78, PART II
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