DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
05
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures dropped on hopes of higher production due to good rainfall in key growing
areas. The key September contract closed 0.8 percent lower at 6,480 rupees per 100 kg.

TURMERIC (SEPTEMBER) DAILY CHART


TURMERIC (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 6300,
SUPPORT 2: 6100,
RESISTENCE 1: 6670,
RESISTENCE 2: 6750.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soybean futures fell on Thursday, hovering near their lowest level in a year hit in the
previous session, due to subdued export demand for soymeal and on a stronger rupee, while
soyoil rose following gains in rival Malaysian palm oil. India's soymeal exports in August fell to
2,778 tonnes compared with 183,965 tonnes a year ago, the Soybean Processors Association of
India said in a statement. A stronger rupee makes edible oil imports cheaper and trims returns
of oilmeal exporters. The rupee rose on Thursday. The September rapeseed contract finished
down 0.14 percent at 3,578 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3150,
SUPPORT 2: 3100,
RESISTENCE 1: 3312,
RESISTENCE 2: 3370,
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Heavy selling was seen in chana futures on the account of recovery in kharif pulses sowing
along with strong stock position in local mandies. The NCDEX futures declined by 2.69 % today.

CHANA (SEPTEMBER) DAILY CHART


CHANA (SEPTEMBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 2680,
SUPPORT 2: 2650,
RESISTENCE 1: 2830,
RESISTENCE 2: 2870.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures ended steady as an improvement in demand offset good rainfall
in the top producing Gujarat state. The key September contract ended up 0.09 percent at
10,945 rupees per 100 kg.

JEERA (SEPTEMBER) DAILY CHART


JEERA (SEPTEMBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 10750,
SUPPORT 2: 10590,
RESISTENCE 1: 10980,
RESISTENCE 2: 11230.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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