DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
29
TH
OCTOBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures rose on bargain buying, though expectations of higher production capped the
upside. The key November contract closed 0.83 percent higher at 6,080 rupees per 100 kg.

TURMERIC (NOVEMBER) DAILY CHART


TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: BEARISH
SUPPORT 1: 5950,
SUPPORT 2: 5850,
RESISTENCE 1: 6160,
RESISTENCE 2: 6280.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soybean futures jumped on Tuesday to their highest level in nearly six weeks, expecting
a hike in import duty on edible oils and on thin supplies in the spot market, while soyoil rose
following gains in the overseas market. India is considering raising import taxes on crude and
refined vegetable oils to protect local farmers and the refining industry, two government
sources said. Malaysian palm oil futures rose to a near-three-week high on Tuesday on a bout
of technical buying. The key November soybean contract on the National Commodity &
Derivatives Exchange closed 4 percent higher at 3,217 rupees per 100 kg, the highest level since
September 18.

SOYABEAN (NOVEMBER) DAILY CHART


SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: BULLISH
SUPPORT 1:3154,
SUPPORT 2: 3090,
RESISTENCE 1: 3265,
RESISTENCE 2: 3335.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures jumped on bargain buying, driven by good demand in the spot
market. The November contract rose 1.3 percent to 3,003 rupees per 100 kg.

CHANA (NOVEMBER) DAILY CHART


CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: BULLISH
SUPPORT 1: 2970,
SUPPORT 2: 2895,
RESISTENCE 1: 2916,
RESISTENCE 2: 3080.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures edged higher on good export demand. The key November
contract finished 0.35 percent higher at 11,470 rupees per 100 kg. Strong arrivals amid better
sowing are likely to keep Jeera prices under check in medium term. Strong stock levels reported
with stockiest on the back of bounty crop last year. It is so early to estimate the current year
sowing areas as sowing is just going to start in couple of days. As per market source, geo-
political tensions in Syria, one of the major exporters of the spice, has led to good demand for
Indian Jeera from the overseas markets.

JEERA (NOVEMBER) DAILY CHART


JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 11215,
SUPPORT 2: 11040,
RESISTENCE 1: 11550,
RESISTENCE 2: 11720.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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