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DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.



DAILY AGRI REPORT
26
TH
SEPTEMBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures ended up on short-covering as the monsoon has been active in growing areas
of south India and more rains at this juncture could damage the crop. The key October contract
closed up 0.1 percent at 5,998 rupees per 100 kg.

TURMERIC (OCTOBER) DAILY CHART


TURMERIC (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5850,
SUPPORT 2: 5740,
RESISTENCE 1: 6030,
RESISTENCE 2: 6170.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

SOYABEAN

Soyabean futures traded higher on NCDEX as improved demand on the domestic front ahead of
festivals. Further, speculation the price slide will prompt purchasing by China, the biggest
buyer. Malaysian palm oil futures stretched gains into a third day to hit their highest in more
than six weeks, buoyed by robust demand and expectations that output would drop this month.

SOYABEAN (OCTOBER) DAILY CHART


SOYABEAN (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1:3078,
SUPPORT 2: 3010,
RESISTENCE 1: 3170,
RESISTENCE 2: 3250.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana futures traded up on NCDEX as speculators indulged in creating fresh positions
supported by rising demand in the spot market. However, expectations of bumper output due
to heavy rainfall in the growing areas, restricted the upside.

CHANA (OCTOBER) DAILY CHART


CHANA (OCTOBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2740,
SUPPORT 2: 2695,
RESISTENCE 1: 2830,
RESISTENCE 2: 2870.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

JEERA

Jeera futures traded up on NCDEX as participants created speculative positions amid pickup in
demand in the spot market. Besides, a firming trend in futures market also supported the
uptrend in select spice prices.

JEERA (OCTOBER) DAILY CHART


JEERA (OCTOBER) TECHNICAL VIEW:
TREND: BEARISH
SUPPORT 1: 10380,
SUPPORT 2: 10300,
RESISTENCE 1: 10705,
RESISTENCE 2: 10940.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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