DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
09
TH
OCTOBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures edged higher on NCDEX as speculators enlarged positions, taking positive cues
from the spot market on rising exports demand. Further, lower level buying and demand from
the north India also influenced the yellow spice prices.

TURMERIC (NOVEMBER) DAILY CHART


TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5850,
SUPPORT 2: 5740,
RESISTENCE 1: 6090,
RESISTENCE 2: 6170.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Soyabean futures traded lower on NCDEX due to a sharp jump in imports of vegetable oils.
However, hopes of higher demand due to festive season, capped some losses in soyabean
prices to some extent.

SOYABEAN (NOVEMBER) DAILY CHART


SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1:2915,
SUPPORT 2: 2880,
RESISTENCE 1: 3004,
RESISTENCE 2: 3045.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana futures traded lower on NCDEX on ample supplies form the major producing belt against
slack demand in the physical market. However, expectations of drop in Chana production for
2014-15 by about 5.9 per cent to 9.3 million tones signaled a positive outlook for Chana prices
which capped some losses in futures trade.

CHANA (NOVEMBER) DAILY CHART


CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2830,
SUPPORT 2: 2780,
RESISTENCE 1: 2909,
RESISTENCE 2: 2950.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera futures traded up on NCDEX due to pick-up in demand from local parties as well as
overseas enquiries. Besides, a firming trend in futures market also supported the uptrend in
select spice prices.

JEERA (NOVEMBER) DAILY CHART


JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 10675,
SUPPORT 2: 10520,
RESISTENCE 1: 11040,
RESISTENCE 2: 11110.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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