1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
26TH SEPTEMBER 2014
2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures ended up on short-covering as the monsoon has been active in growing areas of south India and more rains at this juncture could damage the crop. The key October contract closed up 0.1 percent at 5,998 rupees per 100 kg. TURMERIC (OCTOBER) DAILY CHART
TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 5850,
SUPPORT 2: 5740, RESISTENCE 1: 6030,
RESISTENCE 2: 6170. STRATEGY: SELL ON RISE
3. DAILY AGRI COMMODITY REPORT
SOYABEAN Soyabean futures traded higher on NCDEX as improved demand on the domestic front ahead of festivals. Further, speculation the price slide will prompt purchasing by China, the biggest buyer. Malaysian palm oil futures stretched gains into a third day to hit their highest in more than six weeks, buoyed by robust demand and expectations that output would drop this month. SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1:3078,
SUPPORT 2: 3010, RESISTENCE 1: 3170,
RESISTENCE 2: 3250. STRATEGY: SELL ON RISE
4. DAILY AGRI COMMODITY REPORT
CHANA Chana futures traded up on NCDEX as speculators indulged in creating fresh positions supported by rising demand in the spot market. However, expectations of bumper output due to heavy rainfall in the growing areas, restricted the upside. CHANA (OCTOBER) DAILY CHART
CHANA (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 2740,
SUPPORT 2: 2695, RESISTENCE 1: 2830,
RESISTENCE 2: 2870. STRATEGY: SELL ON RISE
5. DAILY AGRI COMMODITY REPORT
JEERA Jeera futures traded up on NCDEX as participants created speculative positions amid pickup in demand in the spot market. Besides, a firming trend in futures market also supported the uptrend in select spice prices. JEERA (OCTOBER) DAILY CHART
JEERA (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 10380,
SUPPORT 2: 10300, RESISTENCE 1: 10705,
RESISTENCE 2: 10940. STRATEGY: SELL ON RISE
6. DAILY AGRI COMMODITY REPORT
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