Daily commodity report

DAILY AGRI COMMODITY REPORT Phone: +917316790000

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CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

13TH JUNE 2014



AGRI WRAP

TURMERIC

Turmeric futures surged as demand in the spot market improved on concerns over next year's

output. The key July contract finished up 4 percent at 6,184 rupees per 100 kg.

TURMERIC (JULY) DAILY CHART

TURMERIC (JULY) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 5850,

SUPPORT 2: 5750,

RESISTENCE 1: 6310,

RESISTENCE 2: 6440.

STRATEGY: BUY ON DIPS



SOYABEAN

Indian oilseeds and soyoil futures rose on Thursday, tracking a rise in overseas palm oil prices

and on concerns over production of summer-sown crops due to forecast of lower rainfall.

India's monsoon is expected to bring below-average rainfall this year, with precipitation

between June and September to be between 90 and 96 percent of the long-term average.

Monsoon rains in India were 48 percent below average levels in the week to June 11, data from

the weather office showed on Thursday, reflecting the late onset of the annual rains over the

southern Kerala coast. Oilseed and soyoil futures are likely to extend gains on Friday as sowing

of soybean has been delayed in central India.

SOYABEAN (JULY) DAILY CHART

SOYABEAN (JULY) TECHNICAL VIEW:

TREND: BEARISH

SUPPORT 1:4190,

SUPPORT 2: 4140,

RESISTENCE 1: 4360,

RESISTENCE 2: 4400,

STRATEGY: SELL ON RISE



CHANA

Chana, or chickpea, futures rebounded on buying at lower levels, though ample supplies

capped the upside. Futures are likely to extend gains on Friday as output of summer-sown

pulses could be hit by poor rainfall. The July chana contract rose 1.97 percent to 2,852 rupees

per 100 kg.

CHANA (JULY) DAILY CHART

CHANA (JULY) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 2740,

SUPPORT 2: 2650,

RESISTENCE 1: 2900,

RESISTENCE 2: 2935.

STRATEGY: SELL ON RISE



JEERA

Jeera, or cumin seed, futures edged higher on an improvement in demand in the spot market.

The key July contract jumped 1.88 percent to 11,115 rupees per 100 kg.

JEERA (JULY) DAILY CHART

JEERA (JULY) TECHNICAL VIEW:

TREND: BULLISH

SUPPORT 1: 10980,

SUPPORT 2: 10760,

RESISTENCE 1: 11220,

RESISTENCE 2: 11460.

STRATEGY: BUY ON DIPS



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