DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
26
TH
AUGUST 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures fell on a correction as growing areas of Andhra Pradesh state in south India
received good rains, improving prospects for the crop. The key September contract fell 1.6
percent to close at 6,506 rupees per 100 kg.

TURMERIC (SEPTEMBER) DAILY CHART


TURMERIC (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 6300,
SUPPORT 2: 6100,
RESISTENCE 1: 6750,
RESISTENCE 2: 6800.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soyoil futures rose on buying interest ahead of the festival season that starts from next
month. But soybean futures were down as acreage of the main summer oilseed crop improved
with the late revival of the monsoon rains over growing areas of central India. Favourable
weather aided growth of the planted soybean crop and also kept buying interests away.
Rapeseed futures ended up on stockist-buying interests as its meal is in demand for exports.
The key October soybean contract closed 1.6 percent lower at 3,366 rupees per 100 kg on the
NCDEX, while the September rapeseed contract rose 2.1 percent to 3,568 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3300,
SUPPORT 2: 3260,
RESISTENCE 1: 3490,
RESISTENCE 2: 3550,
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures fell as market sentiment about its output improved due to more-
than-expected coverage despite this year's weak monsoon. But chana futures may rise in the
coming sessions on hopes of a pickup in demand ahead of festivals. The September contract
closed down 1.1 percent at 2,864 rupees per 100 kg.

CHANA (SEPTEMBER) DAILY CHART


CHANA (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 2830,
SUPPORT 2: 2760,
RESISTENCE 1: 2960,
RESISTENCE 2: 3020.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures fell as the area under cultivation expanded due to the late surge
in monsoon rains over major producing areas of the western state of Gujarat. The key
September contract ended down 1.0 percent at 11,085 rupees per 100 kg.

JEERA (SEPTEMBER) DAILY CHART


JEERA (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 10850,
SUPPORT 2: 10590,
RESISTENCE 1: 11460,
RESISTENCE 2: 11500.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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CAPITAL STARS FINANCIAL
RESEARCH PRIVATE LIMITED
PLOT NO. 12, SCHEME NO. 78, PART II
VIJAYNAGAR INDORE 452001 (MP)