DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
17
TH
OCTOBER 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures edged lower on NCDEX higher supplies from producing belts nizamabad. The
November contract ended 1.75% lower at Rs. 6158.

TURMERIC (NOVEMBER) DAILY CHART


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

DAILY AGRI COMMODITY REPORT

SOYABEAN

Soyabean futures traded higher on NCDEX, supported by higher demand in the spot market.
Further, increase in overseas prices due to the reports of variable yields and harvest delays too
supported spyabean prices uptrend here.

SOYABEAN (NOVEMBER) DAILY CHART


SOYABEAN (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1:2925,
SUPPORT 2: 2900,
RESISTENCE 1: 3115,
RESISTENCE 2: 3172.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

CHANA

Chana prices closed flat at the National Commodity & Derivatives Exchange Limited (NCDEX)
while prices pressurized from higher levels as a result of the steady sowing progress of pulses
along with high supplies in major producing states.

CHANA (NOVEMBER) DAILY CHART


CHANA (NOVEMBER) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 2870,
SUPPORT 2: 2840,
RESISTENCE 1: 2950,
RESISTENCE 2: 2970.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

JEERA

Jeera futures traded down on NCDEX on prospects of higher output due to good rainfall in top
producing Gujarat state. However, some fresh export demand capped some losses in jeera
prices to some extent.

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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CAPITAL STARS FINANCIAL
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