CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

05 TH NOVEMBER 2014

DAILY AGRI COMMODITY REPORT

AGRI WRAP
TURMERIC
Turmeric futures traded lower on NCDEX as speculators indulged in reducing exposures due to
subdued demand from the consuming industries. Moreover, adequate supplies from producing
belts also impacted the sentiments.

TURMERIC (NOVEMBER) DAILY CHART

TURMERIC (NOVEMBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1: 6064,
SUPPORT 2: 5950,
RESISTENCE 1: 6170,
RESISTENCE 2: 6270.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

SOYABEAN
Indian soybean, rapeseed and soyoil futures jumped on Monday, in line with the benchmark
Malaysian palm oil futures. Malaysian palm oil futures rose for a fifth straight day on Monday
and climbed to their highest in nearly four months, as the ringgit slid to a nine-month low,
making the tropical commodity cheaper for foreign investors and refiners. The key November
soybean contract on the National Commodity & Derivatives Exchange closed up 0.52 percent at
3,317 rupees per 100 kg.

SOYABEAN (NOVEMBER) DAILY CHART

SOYABEAN (NOVEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1:3280,
SUPPORT 2: 3235,
RESISTENCE 1: 3335,
RESISTENCE 2: 3400.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

CHANA
Chana futures traded higher on NCDEX as traders enlarged their holdings in the commodity on
account of the good demand in the spot market. Further, restricted arrivals in the physical
market due to expectations of lower output from the major producing belts too supported
chana prices uptrend.

CHANA (NOVEMBER) DAILY CHART

CHANA (NOVEMBER) TECHNICAL VIEW:

TREND: BULLISH
SUPPORT 1: 3090,
SUPPORT 2: 3020,
RESISTENCE 1: 3200,
RESISTENCE 2: 3247.
STRATEGY: BUY ON DIPS
DAILY AGRI COMMODITY REPORT

JEERA
Jeera futures traded down on NCDEX due to subdued demand at spot market. Further, as
speculators trimmed positions on increased supply from producing region mainly kept pressure
on jeera prices at futures trade.

JEERA (NOVEMBER) DAILY CHART

JEERA (NOVEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 11200,
SUPPORT 2: 10970,
RESISTENCE 1: 11340,
RESISTENCE 2: 11550.
STRATEGY: SELL ON RISE
DAILY AGRI COMMODITY REPORT

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DAILY AGRI COMMODITY REPORT