1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
03RD NOVEMBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures fell on expectations of higher production. The key November contract closed 0.58 percent lower at 6,212 rupees per 100 kg. TURMERIC (NOVEMBER) DAILY CHART TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 6170,
SUPPORT 2: 6064, RESISTENCE 1: 6290,
RESISTENCE 2: 6540. STRATEGY: SELL ON RISE
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian oilseeds and soyoil futures rose on Friday, tracking overseas markets, as palm oil touched three-month highs. Malaysian palm oil futures stretched gains into a fourth day on Friday to hover at more than three-month highs and posting their biggest weekly rise in nearly a year, as the tropical oil drew support from projections of weaker output and easing stocks. Palm has gained 6 percent this week, its biggest weekly gain since November 2013, lifted by bullish projections from industry experts that growing food consumption and weakening output could push prices to 2,500 ringgit per tonne in the first quarter of 2015. The key November soybean contract on the National Commodity & Derivatives Exchange closed up 0.34 percent at 3,289 rupees per 100 kg. SOYABEAN (NOVEMBER) DAILY CHART SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1:3235,
SUPPORT 2: 3154, RESISTENCE 1: 3335,
RESISTENCE 2: 3400. STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures fell a day after the contract jumped to its highest level in nearly seven months on good demand from mills. The November contract finished down 0.70 percent at 3,109 rupees per 100 kg. CHANA (NOVEMBER) DAILY CHART CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: BULLISH SUPPORT 1: 3090,
SUPPORT 2: 3020, RESISTENCE 1: 3200,
RESISTENCE 2: 3247. STRATEGY: BUY ON DIPS
5. DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures lost on weak demand. The key November contract fell 1.79 percent to 11,265 rupees per 100 kg. JEERA (NOVEMBER) DAILY CHART JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 11200,
SUPPORT 2: 10970, RESISTENCE 1: 11340,
RESISTENCE 2: 11550. STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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