DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
17
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures rose on concerns about the quality of the crop due to delayed rains. The key
October contract closed up 1.02 percent at 6,140 rupees per 100 kg.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 5980,
SUPPORT 2: 5850,
RESISTENCE 1: 6170,
RESISTENCE 2: 6370.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian oilseeds and soyoil futures rose on Tuesday following bullish cues from the international
market while a pick-up in local demand ahead of festivals also aided the upside. U.S. new-crop
soybean futures rose for the third consecutive session on Tuesday, the longest rally in nearly
three months, supported by bargain buying and concern over potential crop damage.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1:3240,
SUPPORT 2: 3140,
RESISTENCE 1: 3370,
RESISTENCE 2: 3480.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures rose on a pick-up in demand from millers and a rise in local buying
ahead of festivals. The October contract closed 1.88 percent higher at 2,866 rupees per 100 kg.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 2830,
SUPPORT 2: 2780,
RESISTENCE 1: 2890,
RESISTENCE 2: 2950.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures rose on export inquiries though prospects of higher output due to
good rainfall in top producing Gujarat state are seen weighing on prices on Wednesday. The key
October contract closed 1.21 percent up at 10,910 rupees per 100 kg.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 10675
SUPPORT 2: 10530,
RESISTENCE 1: 10940,
RESISTENCE 2: 11100.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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