DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
27
TH
AUGUST 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures ended flat though after witnessing some short-covering amid export
enquiries. The key September contract closed flat at 6,506 rupees per 100 kg.

TURMERIC (SEPTEMBER) DAILY CHART


TURMERIC (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 6300,
SUPPORT 2: 6100,
RESISTENCE 1: 6750,
RESISTENCE 2: 6800.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Soyoil futures exhibited weakness, taking cues from overseas sentiments in rival palm oil
futures, while favourable weather conditions in the soybean growing areas of central India kept
buying interest away. Malaysian palm oil futures failed to hold on to earlier gains and inched
down as worries of plentiful supplies of rival edible oils alongside rising palm oil production
continued to pressure prices. Rapeseed futures were down on profit-taking as stockist buying
interest for overseas sales for rapeseed meal eased. The key October soybean contract closed
0.8 percent lower at 3,339 rupees per 100 kg on the NCDEX, while the October rapeseed
contract was down 0.03 percent at 3,600 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3300,
SUPPORT 2: 3260,
RESISTENCE 1: 3490,
RESISTENCE 2: 3550,
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures fell as market sentiments about output prospects improved due to
higher coverage despite a weak monsoon this year. But chana futures are expected to rise in
the coming sessions on hopes of a pick-up in demand ahead of festivals. The September
contract closed down 0.2 percent at 2,856 rupees per 100 kg.

CHANA (SEPTEMBER) DAILY CHART


CHANA (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 2830,
SUPPORT 2: 2760,
RESISTENCE 1: 2960,
RESISTENCE 2: 3020.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures ended up due to the return of traders' buying interest at low
levels. Fresh export inquiries are expected to support the prices in the short run. The key
September contract ended up 0.6 percent at 11,150 rupees per 100 kg.

JEERA (SEPTEMBER) DAILY CHART


JEERA (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 10850,
SUPPORT 2: 10590,
RESISTENCE 1: 11460,
RESISTENCE 2: 11500.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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CAPITAL STARS FINANCIAL
RESEARCH PRIVATE LIMITED
PLOT NO. 12, SCHEME NO. 78, PART II
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