Daily commodity report

DAILY AGRI COMMODITY REPORT
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Capital Stars Financial Research Pvt. Ltd.
Plot No. 12, Scheme No. 78, Part – II, Vijay Nagar, INDORE 452010 (M.P.)
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
25TH
JULY 2014

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AGRI WRAP
TURMERIC
Turmeric futures were higher on some local demand, though higher carry-forward stocks may
weigh on sentiment on Friday. The key August contract closed 0.69 percent higher at 6,444
rupees per 100 kg.
TURMERIC (AUGUST) DAILY CHART
TURMERIC (AUGUST) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 6316,
SUPPORT 2: 6260,
RESISTENCE 1: 6570,
RESISTENCE 2: 6700.
STRATEGY: BUY ON DIPS

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SOYABEAN
Indian oilseeds and soyoil futures rose on Thursday on some value-buying, supported by bullish
cues from overseas markets. Malaysian palm oil futures ended higher, snapping a three-day
losing streak as investors short-covered positions ahead of the long weekend and as a small
recovery in the comparative soy oil markets provided some relief to palm.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1:3660,
SUPPORT 2: 3600,
RESISTENCE 1: 3780,
RESISTENCE 2: 3860,
STRATEGY: SELL ON RISE

Phone: +91731 679 00 00 , 666 99 00
CHANA
Chana, or chickpea, futures edged up on lower area under summer-sown pulses due to delayed
rains, though subdued demand restricted the upside. The August chana contract closed 0.21
percent higher at 2,836 rupees per 100 kg.
CHANA (AUGUST) DAILY CHART
CHANA (AUGUST) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2795,
SUPPORT 2: 2740,
RESISTENCE 1: 2855,
RESISTENCE 2: 2900.

Phone: +91731 679 00 00 , 666 99 00
JEERA
Jeera, or cumin seed, futures fell on higher-than-expected local supplies amid weak spot
demand. The key August contract fell 0.44 percent to 11,395 rupees per 100 kg.
JEERA (AUGUST) DAILY CHART
JEERA (AUGUST) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 11250,
SUPPORT 2: 11000,
RESISTENCE 1: 11620,
RESISTENCE 2: 11780.

Phone: +91731 679 00 00 , 666 99 00
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CAPITAL STARS FINANCIAL
RESEARCH PRIVATE LIMITED
PLOT NO. 12, SCHEME NO. 78, PART II
VIJAYNAGAR INDORE 452001 (MP)

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