DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
24
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures rose on short-covering, taking cue from the start of the annual monsoon rains
from the South Asian country. The key October contract closed up 0.4 percent at 5,946 rupees
per 100 kg.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 5740,
SUPPORT 2: 5600,
RESISTENCE 1: 6030,
RESISTENCE 2: 6170.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soyoil futures recovered on Tuesday due to short-covering, taking cue from sentiment in
rival palm oil futures. Malaysian palm oil futures bounced back after hitting a more than one-
week low in the previous session, as a recovery in overseas soy markets and a weaker ringgit
lifted the tropical oil. Soybean futures reflected the sentiment of soy oil, while rapeseed futures
ended up on vanishing old stocks in spots. The key November soybean contract was up 0.8
percent at 2,996 rupees per 100 kg, while the October rapeseed contract finished up 1.2
percent at 3,648 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3010,
SUPPORT 2: 2900,
RESISTENCE 1: 3080,
RESISTENCE 2: 3110.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures ended up on new buying interest arising on news of the withdrawal
of monsoon rains from some parts of the western region. The start of this year's monsoon
retreat has a bearish impact as the late sown varieties would have gained had the withdrawal
been delayed further.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 2740,
SUPPORT 2: 2695,
RESISTENCE 1: 2830,
RESISTENCE 2: 2870.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures recovered as the monsoon rains in top producing Gujarat state
have almost vanished, and boosted output prospects for the maturing crop. The key October
contract closed up 0.2 percent at 10,640 rupees per 100 kg.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 10380,
SUPPORT 2: 10300,
RESISTENCE 1: 10705,
RESISTENCE 2: 10940.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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