DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
15
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures slipped due to sluggish local and export demand. The key October contract
closed 3.28 percent lower at 6,078 rupees per 100 kg.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 5980,
SUPPORT 2: 5850,
RESISTENCE 1: 6200,
RESISTENCE 2: 6370.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soybean and soyoil futures rose on Friday in line with the global market where the palm
oil contract touched its highest in over three weeks. Malaysian palm oil futures edged up to
touch their highest in over three weeks on Friday, with prices recording a second straight
weekly gain thanks to firm soyoil markets overseas and a surge in crude palm oil export
demand. The key October soybean contract on the National Commodity & Derivatives Exchange
closed 0.19 percent higher at 3,177 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1:3080,
SUPPORT 2: 2950,
RESISTENCE 1: 3240,
RESISTENCE 2: 3280,
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures fell on hopes of bumper production from the winter-sown crop due
to good rainfall in the top producing state of Madhya Pradesh. The October contract closed
0.07 percent lower at 2,806 rupees per 100 kg.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 2780,
SUPPORT 2: 2740,
RESISTENCE 1: 2830,
RESISTENCE 2: 2870.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures ended weak as an improvement in demand offset prospects of
higher output due to good rainfall in the top producing Gujarat state. The key October contract
closed 0.32 percent lower at 10,775 rupees per 100 kg.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:

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

DAILY AGRI COMMODITY REPORT

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