DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
29
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures traded higher on NCDEX on short-covering as the monsoon has been active in
growing areas of south India and more rains at this juncture could damage the crop. Further,
restricted supplies from producing region too supported yellow spice prices uptrend.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5850,
SUPPORT 2: 5740,
RESISTENCE 1: 6178,
RESISTENCE 2: 6270.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Soybean futures traded lower on NCDEX on account of sluggish export demand for soymeal.
However, expectations of higher demand due to upcoming festivals, limited some losses in
soybean prices to some extent.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1:3078,
SUPPORT 2: 3010,
RESISTENCE 1: 3154,
RESISTENCE 2: 3334.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana futures traded lower on NCDEX on account of sluggish demand in the spot markets
amidst hopes of higher output from the major producing belts. However, news of the
withdrawal of monsoon rains from some parts of the western region, capped some losses in
chana prices to some extent.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH
SUPPORT 1: 2740,
SUPPORT 2: 2695,
RESISTENCE 1: 2811,
RESISTENCE 2: 2830.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera futures traded up on NCDEX on account of fall in supplies from producing belts against
fresh buying by retailers and stockiest. Besides, firming trend in futures market also supported
the uptrend.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 10380,
SUPPORT 2: 10300,
RESISTENCE 1: 10705,
RESISTENCE 2: 10940.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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