DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
13
TH
OCTOBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures fell on lower buying. The key November contract closed 0.03 percent lower at
6,110 rupees per 100 kg.

TURMERIC (NOVEMBER) DAILY CHART


TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5950,
SUPPORT 2: 5830,
RESISTENCE 1: 6200,
RESISTENCE 2: 6320.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian oilseeds and soyoil futures dropped on Friday, in line with the benchmark palm oil
contract in Kuala Lumpur where prices fell to a one-week low. Higher imports of vegetable oils
by India also put downward pressure on prices. India's overseas purchases of edible oil in the
year starting November are set to surge to a record 13 million tonnes, as lower prices, a rising
population and higher incomes boost consumption. Malaysian palm oil futures slipped to a one-
week low on Friday, shaving off some gains made earlier this week as tumbling crude prices and
disappointing export data stoked fears of weaker appetite for palm. Palm typically tracks soy
markets as they are both food and fuel substitutes.

SOYABEAN (NOVEMBER) DAILY CHART


SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1:2940,
SUPPORT 2: 2915,
RESISTENCE 1: 3004,
RESISTENCE 2: 3045.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures ended lower due to weak demand. The November contract ended
0.79 percent lower at 2899 rupees per 100 kg.

CHANA (NOVEMBER) DAILY CHART


CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2870,
SUPPORT 2: 2840,
RESISTENCE 1: 2945,
RESISTENCE 2: 2970.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures edged down as prospects of higher output brightened after good
rainfall in the top producing state of Gujarat in August.

JEERA (NOVEMBER) DAILY CHART


JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 10590,
SUPPORT 2: 10520,
RESISTENCE 1: 10920,
RESISTENCE 2: 11110.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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CAPITAL STARS FINANCIAL
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PLOT NO. 12, SCHEME NO. 78, PART II
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