DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
09
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures edged lower on NCDEX on expectations of higher output due to good rainfall
in key growing areas. Further, sluggish demand against ample inventories in the physical market
too supported turmeric prices downtrend.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 6310,
SUPPORT 2: 6164,
RESISTENCE 1: 6484,
RESISTENCE 2: 6820.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Soyabean futures traded higher on NCDEX as expectations of higher demand due to upcoming
festivals. However, a drop in soyameal exports, capped some gains in soyabean prices to some
extent.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3080,
SUPPORT 2: 2950,
RESISTENCE 1: 3280,
RESISTENCE 2: 3370,
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana futures traded marginally higher on NCDEX as demand rose in spot markets due to the
festivals. However, expectations of bumper production of the winter-sown crop due to heavy
rainfall in the top producing state of Madhya Pradesh., capped some gains in chana prices to
some extent.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 2745,
SUPPORT 2: 2695,
RESISTENCE 1: 2870,
RESISTENCE 2: 2950.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera futures traded down on NCDEX due to higher-than-expected local supplies in the major
spot markets. Further, speculators indulged in offloading positions on sluggish demand in the
spot market against adequate stocks position that kept pressure on jeera prices in futures
trade.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 10920
SUPPORT 2: 10675,
RESISTENCE 1: 11100,
RESISTENCE 2: 11340.
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
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