Daily commodity report
6
DAILY AGRI COMMODITY REPORT Phone: +917316790000 E-mail: [email protected] http://www.capitalstars.com CAPITALSTARS FINANCIAL RESEARCH PVT. LTD. DAILY AGRI REPORT 17 TH JULY 2014
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CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.
Transcript of Daily commodity report
DAILY AGRI COMMODITY REPORT Phone: +917316790000
E-mail: [email protected] http://www.capitalstars.com
CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.
DAILY AGRI REPORT
17TH JULY 2014
DAILY AGRI COMMODITY REPORT Phone: +917316790000
E-mail: [email protected] http://www.capitalstars.com
AGRI WRAP
TURMERIC
Turmeric futures fell due to a revival in monsoon rains in key producing southern states. The
key August contract finished 0.58 percent lower at 6,538 rupees per 100 kg.
TURMERIC (AUGUST) DAILY CHART
TURMERIC (AUGUST) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 6420,
SUPPORT 2: 6316,
RESISTENCE 1: 6830,
RESISTENCE 2: 7000.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT Phone: +917316790000
E-mail: [email protected] http://www.capitalstars.com
SOYABEAN
Indian soybean recovered from early lows to end flat, helped by delayed sowing in the top
producing state of Madhya Pradesh due to scanty rainfall. The key October soybean contract
closed 0.03 percent lower at 3,689 rupees per 100 kg, while the August rapeseed contract fell
0.36 percent to end at 3,608 rupees per 100 kg. The USDA now expects the U.S. soybean
harvest to grow by 4.5 percent to a record 3.8 billion bushels, topping analysts' expectations by
0.7 percent.
SOYABEAN (OCTOBER) DAILY CHART
SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH
SUPPORT 1:3660,
SUPPORT 2: 3590,
RESISTENCE 1: 3780,
RESISTENCE 2: 3840,
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT Phone: +917316790000
E-mail: [email protected] http://www.capitalstars.com
CHANA
Chana, or chickpea, futures fell due to ample supplies in the domestic market. The August
chana contract fell 0.96 percent to 2,862 rupees per 100 kg.
CHANA (AUGUST) DAILY CHART
CHANA (AUGUST) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2840,
SUPPORT 2: 2740,
RESISTENCE 1: 2895,
RESISTENCE 2: 2925.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT Phone: +917316790000
E-mail: [email protected] http://www.capitalstars.com
JEERA
Jeera, or cumin seed, futures fell due to higher supplies in the spot market. The key August
contract ended 0.47 percent lower at 11,670 rupees per 100 kg.
JEERA (AUGUST) DAILY CHART
JEERA (AUGUST) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 11400,
SUPPORT 2: 11250,
RESISTENCE 1: 11780,
RESISTENCE 2: 111850.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT Phone: +917316790000
E-mail: [email protected] http://www.capitalstars.com
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed
to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or
opinion. Users have the right to choose the product/s that suits them the most.
Use of this report in no way constitutes a client/advisor relationship, all information we
communicate to you (the subscriber) either through our Web site or other forms of
communications, are purely for informational purposes only. We recommend seeking individual
investment advice before making any investment, for you are assuming sole liability for your
investments. Capital Stars will in no way have discretionary authority over your trading or
investment accounts.
All rights reserved.
CONTACT US MOB: +91 92000 99927
PHONE: +91 731 6662200
Email: [email protected]
CAPITAL STARS FINANCIAL
RESEARCH PRIVATE LIMITED
PLOT NO. 12, SCHEME NO. 78, PART II
VIJAYNAGAR INDORE 452001 (MP)
