DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
16
TH
OCTOBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures rose on festive demand while higher stocks were expected to weigh on prices
on Tuesday. The key October contract closed 2.15 percent higher at 6,270 rupees per 100 kg.

TURMERIC (NOVEMBER) DAILY CHART


TURMERIC (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 6100,
SUPPORT 2: 6040,
RESISTENCE 1: 6320,
RESISTENCE 2: 6500.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soyoil futures fell on bearish cues from Malaysian palm oil prices while an expected rise
in local production weighed on soybean futures. India's overseas purchases of edible oil in the
year starting November are set to surge to a record 13 million tonnes, as lower prices, rising
population and higher incomes boost consumption. Malaysian palm oil was down for a third
day on Monday as crude oil slipped to a four-year low, reducing prospects of demand for
biodiesel in addition to large harvests for palm and soy and slack demand for edible oils.

SOYABEAN (NOVEMBER) DAILY CHART


SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1:2925,
SUPPORT 2: 2900,
RESISTENCE 1: 3004,
RESISTENCE 2: 3045.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures edged up on a rise in demand in the festive season and on buying at
lower levels. The October contract rose 0.14 percent to 2,806 rupees per 100 kg.

CHANA (NOVEMBER) DAILY CHART


CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2870,
SUPPORT 2: 2840,
RESISTENCE 1: 2945,
RESISTENCE 2: 2970.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures rose on some fresh export demand though prospects of higher
output due to good rainfall in the top producing Gujarat state in August restricted the upside.
The key October contract closed up 0.76 percent at 10,610 rupees per 100 kg.

JEERA (NOVEMBER) DAILY CHART


JEERA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 10590,
SUPPORT 2: 10520,
RESISTENCE 1: 11110,
RESISTENCE 2: 11150.
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

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