daily agri report-1 aug 2014

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

01ST AUGUST 2014


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AGRI WRAP

TURMERIC

Turmeric futures ended lower due to some showers in Andhra Pradesh, the top cultivating

state, and on weak local demand. The key August contract closed 0.80 percent lower at 6,418

rupees per 100 kg. Traders, however, expect local demand to improve from August due to

festivals.

TURMERIC (AUGUST) DAILY CHART

TURMERIC (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 6370,

SUPPORT 2: 6300,

RESISTENCE 1: 6490,

RESISTENCE 2: 6572.

STRATEGY: BUY ON DIPS


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SOYABEAN

Oilseeds and soyoil futures were up on some buying interest at lower levels ahead of festivals,

though the trend for the next session looks weaker due to a pick-up in the monsoon. The

August rapeseed contract was 0.14 percent up at 3,597 rupees per 100 kg, while the October

soybean contract ended 0.14 percent higher at 3,639 rupees per 100 kg.

SOYABEAN (OCTOBER) DAILY CHART

SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1:3580,

SUPPORT 2: 3500,

RESISTENCE 1: 3704,

RESISTENCE 2: 3750,

STRATEGY: SELL ON RISE


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CHANA

Chana, or chickpea, futures ended weaker and may continue to trade lower on Friday due to

some improvement in the monsoon in the leading pulses-cultivating regions. The August Chana

contract ended 2.33 percent lower at 2,807 rupees per 100 kg.

CHANA (AUGUST) DAILY CHART

CHANA (AUGUST) TECHNICAL VIEW:

TREND: BEARISH

SUPPORT 1: 2740,

SUPPORT 2: 2695,

RESISTENCE 1: 2840,

RESISTENCE 2: 2926.



Phone: +91731 679 00 00 , 666 99 00



JEERA

Jeera, or cumin seed, futures fell on sufficient local supplies amid weak local demand. The key

August contract ended down 0.84 percent at 11,180 rupees per 100 kg.

JEERA (AUGUST) DAILY CHART

JEERA (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 11040,

SUPPORT 2: 10970,

RESISTENCE 1: 11570,

RESISTENCE 2: 11780.



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CAPITAL STARS FINANCIAL

RESEARCH PRIVATE LIMITED

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

VIJAYNAGAR INDORE 452001 (MP)

daily agri report-1 aug 2014

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daily agri report

daily chart chana

daily chart jeera

daily chart turmeric

daily chart soyabean

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chana chana

percent lower