1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
22ND AUGUST 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures rose as a delay in sowing due to late monsoon rains have raised concerns about lower production. The late monsoon has pushed back turmeric sowing in the top cultivating areas, raising concerns about yields. The key September contract closed 1.64 percent higher at 6,692 rupees per 100 kg. TURMERIC (SEPTEMBER) DAILY CHART
TURMERIC (SEPTEMBER) TECHNICAL VIEW:
TREND: BULLISH SUPPORT 1: 6450,
SUPPORT 2: 6310, RESISTENCE 1: 6670,
RESISTENCE 2: 6780. STRATEGY: BUY ON DIPS
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soybean and rapeseed futures ended higher on Thursday, tracking firm cues from the U.S. soybean futures while delayed rains raised concerns about the output. New-crop soybeans edged higher as the market recovered from Wednesday's contract-low, but gains were capped by forecasts of benign weather in the U.S. Midwest which has reinforced hopes of all-time high production. 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 fell on profit-taking, but analysts expect prices to get support from a pickup in local demand ahead of festivals. The September chana contract closed down 1.18 percent at 2,935 rupees per 100 kg. CHANA (SEPTEMBER) DAILY CHART
CHANA (SEPTEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 2940,
SUPPORT 2: 2870, RESISTENCE 1: 3000,
RESISTENCE 2: 3020. STRATEGY: BUY ON DIPS
5. DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures fell on thin local demand, though fresh export inquiries are seen aiding prices in the next session. The key September contract ended down 0.35 percent at 11,270 rupees per 100 kg. JEERA (SEPTEMBER) DAILY CHART
JEERA (SEPTEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 11150,
SUPPORT 2: 10920, RESISTENCE 1: 11450,
RESISTENCE 2: 11500. STRATEGY: BUY ON DIPS
6. DAILY AGRI COMMODITY REPORT
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