1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
16TH OCTOBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures rose on festive demand while higher stocks were expected to weigh on prices on Tuesday. The key October contract closed 2.15 percent higher at 6,270 rupees per 100 kg. TURMERIC (NOVEMBER) DAILY CHART
TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 6100,
SUPPORT 2: 6040, RESISTENCE 1: 6320,
RESISTENCE 2: 6500. STRATEGY: BUY ON DIPS
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soyoil futures fell on bearish cues from Malaysian palm oil prices while an expected rise in local production weighed on soybean futures. India's overseas purchases of edible oil in the year starting November are set to surge to a record 13 million tonnes, as lower prices, rising population and higher incomes boost consumption. Malaysian palm oil was down for a third day on Monday as crude oil slipped to a four-year low, reducing prospects of demand for biodiesel in addition to large harvests for palm and soy and slack demand for edible oils. SOYABEAN (NOVEMBER) DAILY CHART
SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1:2925,
SUPPORT 2: 2900, RESISTENCE 1: 3004,
RESISTENCE 2: 3045. STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures edged up on a rise in demand in the festive season and on buying at lower levels. The October contract rose 0.14 percent to 2,806 rupees per 100 kg. CHANA (NOVEMBER) DAILY CHART
CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 2870,
SUPPORT 2: 2840, RESISTENCE 1: 2945,
RESISTENCE 2: 2970. STRATEGY: BUY ON DIPS
5. DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures rose on some fresh export demand though prospects of higher output due to good rainfall in the top producing Gujarat state in August restricted the upside. The key October contract closed up 0.76 percent at 10,610 rupees per 100 kg. JEERA (NOVEMBER) DAILY CHART
JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 10590,
SUPPORT 2: 10520, RESISTENCE 1: 11110,
RESISTENCE 2: 11150. STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary authority over your trading or investment accounts. All rights reserved.
CONTACT US
MOB: +91 92000 99927 PHONE: +91 731 6662200 Email: info@capitalstars.com CAPITAL STARS FINANCIAL RESEARCH PRIVATE LIMITED PLOT NO. 12, SCHEME NO. 78, PART II VIJAYNAGAR INDORE 452001 (MP)
