1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
31ST OCTOBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures rose on an improvement in demand, though expectations of higher production capped the upside. The key November contract closed 0.87 percent higher at 6,230 rupees per 100 kg. TURMERIC (NOVEMBER) DAILY CHART TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 6064,
SUPPORT 2: 5950, RESISTENCE 1: 6330,
RESISTENCE 2: 6540. STRATEGY: SELL ON RISE
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soybean futures ended steady on Thursday after hitting a two-month high as profit- taking offset an improvement in export demand for soymeal, while soyoil eased on higher imports of edible oils. A surge in overseas soymeal prices also supported soybeans. U.S. soymeal rose to a seven-week high on Thursday on a slow start to a record soybean harvest and traffic congestion on the country's railroads. SOYABEAN (NOVEMBER) DAILY CHART SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1:3240,
SUPPORT 2: 3154, RESISTENCE 1: 3335,
RESISTENCE 2: 3400. STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures surged to their highest level in nearly seven months on good demand from mills. The November contract finished up 2.9 percent at 3,131 rupees per 100 kg, after rising to 3,156 rupees earlier in the day, the highest level since April 7. 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 gained on bargain buying. The key November contract rose 0.4 percent to 11,420 rupees per 100 kg. JEERA (NOVEMBER) DAILY CHART JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 11285,
SUPPORT 2: 11215, RESISTENCE 1: 11550,
RESISTENCE 2: 11720. STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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