The document provides a daily report on the performance and outlook of various Indian agricultural commodity futures contracts. It summarizes that turmeric futures rose on bargain buying but production expectations limited gains, soybean futures jumped to a six-week high on expected import duty hikes and thin supplies, and chickpea futures increased due to good demand in the spot market. Strategies for various contracts include selling turmeric on rises and buying soybean and chickpea on dips.

1. DAILY AGRI COMMODITY REPORT
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
29TH OCTOBER 2014

2. DAILY AGRI COMMODITY REPORT
AGRI WRAP TURMERIC Turmeric futures rose on bargain buying, though expectations of higher production capped the upside. The key November contract closed 0.83 percent higher at 6,080 rupees per 100 kg. TURMERIC (NOVEMBER) DAILY CHART TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: BEARISH SUPPORT 1: 5950,
SUPPORT 2: 5850, RESISTENCE 1: 6160,
RESISTENCE 2: 6280. STRATEGY: SELL ON RISE

3. DAILY AGRI COMMODITY REPORT
SOYABEAN Indian soybean futures jumped on Tuesday to their highest level in nearly six weeks, expecting a hike in import duty on edible oils and on thin supplies in the spot market, while soyoil rose following gains in the overseas market. India is considering raising import taxes on crude and refined vegetable oils to protect local farmers and the refining industry, two government sources said. Malaysian palm oil futures rose to a near-three-week high on Tuesday on a bout of technical buying. The key November soybean contract on the National Commodity & Derivatives Exchange closed 4 percent higher at 3,217 rupees per 100 kg, the highest level since September 18. SOYABEAN (NOVEMBER) DAILY CHART SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: BULLISH SUPPORT 1:3154,
SUPPORT 2: 3090, RESISTENCE 1: 3265,
RESISTENCE 2: 3335. STRATEGY: BUY ON DIPS

4. DAILY AGRI COMMODITY REPORT
CHANA Chana, or chickpea, futures jumped on bargain buying, driven by good demand in the spot market. The November contract rose 1.3 percent to 3,003 rupees per 100 kg. CHANA (NOVEMBER) DAILY CHART CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: BULLISH SUPPORT 1: 2970,
SUPPORT 2: 2895, RESISTENCE 1: 2916,
RESISTENCE 2: 3080. STRATEGY: BUY ON DIPS

5. DAILY AGRI COMMODITY REPORT
JEERA Jeera, or cumin seed, futures edged higher on good export demand. The key November contract finished 0.35 percent higher at 11,470 rupees per 100 kg. Strong arrivals amid better sowing are likely to keep Jeera prices under check in medium term. Strong stock levels reported with stockiest on the back of bounty crop last year. It is so early to estimate the current year sowing areas as sowing is just going to start in couple of days. As per market source, geo- political tensions in Syria, one of the major exporters of the spice, has led to good demand for Indian Jeera from the overseas markets. JEERA (NOVEMBER) DAILY CHART JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE SUPPORT 1: 11215,
SUPPORT 2: 11040, RESISTENCE 1: 11550,
RESISTENCE 2: 11720. STRATEGY: SELL ON RISE

6. DAILY AGRI COMMODITY REPORT
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