Daily commodity report

DAILY AGRI COMMODITY REPORT

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Capital Stars Financial Research Pvt. Ltd. Plot No. 12, Scheme No. 78, Part – II, Vijay Nagar, INDORE 452010 (M.P.)

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

28TH JULY 2014


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AGRI WRAP

TURMERIC

Turmeric futures ended higher due to lower rainfall and as spot demand outweighed large

stocks. The key August contract closed 1.61 percent higher at 6,548 rupees per 100 kg.

TURMERIC (AUGUST) DAILY CHART

TURMERIC (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 6420,

SUPPORT 2: 6316,

RESISTENCE 1: 6600,

RESISTENCE 2: 6700.

STRATEGY: BUY ON DIPS


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SOYABEAN

Indian oilseeds and soyoil futures dropped on Friday following weakness in overseas markets

and on sluggish exports of soymeal. Chicago new-crop soybeans edged lower, giving up some

recent gains struck on concerns over dry U.S. weather and strong end-user demand, but may

find support from forecasts for less rain. The October soybean contract ended 0.18 percent

lower at 3,725 rupees per 100 kg and the August rapeseed contract fell 0.33 percent to 3,611

rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART

SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1:3660,

SUPPORT 2: 3600,

RESISTENCE 1: 3750,

RESISTENCE 2: 3860,

STRATEGY: SELL ON RISE


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CHANA

Chana, or chickpea, futures rose supported by lower area under summer-sown pulses due to

delayed rains. The August chana contract closed 0.70 percent higher at 2,856 rupees per 100

kg.

CHANA (AUGUST) DAILY CHART

CHANA (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 2795,

SUPPORT 2: 2740,

RESISTENCE 1: 2900,

RESISTENCE 2: 2926.



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JEERA

Jeera, or cumin seed, futures rose due to a fall in local supplies and on some overseas demand.

The key August contract rose 0.96 percent to 11,505 rupees per 100 kg.

JEERA (AUGUST) DAILY CHART

JEERA (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 11250,

SUPPORT 2: 11000,

RESISTENCE 1: 11620,

RESISTENCE 2: 11780.



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CAPITAL STARS FINANCIAL

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PLOT NO. 12, SCHEME NO. 78, PART II

VIJAYNAGAR INDORE 452001 (MP)

Daily commodity report

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