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

26TH JUNE 2014



AGRI WRAP

TURMERIC

Turmeric futures slipped on profit-taking and are expected to open steady-to-weak in the next

session due to a drop in overseas demand. The key July contract closed 0.97 percent down at

6,554 rupees per 100 kg.

TURMERIC (JULY) DAILY CHART

TURMERIC (JULY) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 6470,

SUPPORT 2: 6316,

RESISTENCE 1: 6710,

RESISTENCE 2: 6870.

STRATEGY: BUY ON DIPS



SOYABEAN

Indian soyoil futures fell on Wednesday, shrugging off gains in the overseas market where

benchmark Malaysian palm oil futures rose for a third session. Soybean futures dropped due to

poor soymeal sales, but the rapeseed contract marginally rose due to some improvement in

demand. Oilseed futures are likely to open weak on Thursday due to weak demand from local

buyers and lacklustre soymeal exports. Malaysian palm oil futures rose for a third session on

Wednesday to their highest in nearly a month, after a small improvement in export data raised

hopes of a recovery in demand, and as the ongoing conflict in Iraq propped up crude prices.

SOYABEAN (JULY) DAILY CHART

SOYABEAN (JULY) TECHNICAL VIEW:

TREND: BEARISH

SUPPORT 1:3890,

SUPPORT 2: 3845,

RESISTENCE 1: 4020,

RESISTENCE 2: 4050,

STRATEGY: SELL ON RISE



CHANA

Chana, or chickpea, futures closed higher on a delay in monsoon rains, though subdued

demand from local buyers limited the upside. The July chana contract ended up 0.32 percent to

2,859 rupees per 100 kg.

CHANA (JULY) DAILY CHART

CHANA (JULY) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 2788,

SUPPORT 2: 2760,

RESISTENCE 1: 2876,

RESISTENCE 2: 2935.




JEERA

Jeera, or cumin seed, futures ended lower on some weakness in overseas demand and higher-

than-expected supplies in the spot market. The key July contract fell 0.48 percent to 11,340

rupees per 100 kg.

JEERA (JULY) DAILY CHART

JEERA (JULY) TECHNICAL VIEW:

TREND: BULLISH

SUPPORT 1: 11225,

SUPPORT 2: 11150,

RESISTENCE 1: 11650,

RESISTENCE 2: 11750.




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)

Daily commodity report

Documents

Transcript of Daily commodity report