DAILY AGRI COMMODITY REPORT

CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT
21
ST
AUGUST 2014




DAILY AGRI COMMODITY REPORT

AGRI WRAP

TURMERIC

Turmeric futures fell due to poor export demand though a delay in sowing due to late monsoon
rains limited the downside. The late monsoon has pushed back turmeric sowing in the top
cultivating areas, raising concerns about yields. The key September contract closed down 0.54
percent at 6,584 rupees per 100 kg.

TURMERIC (SEPTEMBER) DAILY CHART



TURMERIC (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 6450,
SUPPORT 2: 6310,
RESISTENCE 1: 6670,
RESISTENCE 2: 6780.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

SOYABEAN

Indian soybean and soyoil futures fell on Wednesday, tracking weak global markets and on
sluggish export demand for soymeal. Malaysian palm oil lost more ground on Wednesday,
falling for a sixth consecutive session to its lowest since October 2009 as slowing exports and
prospects of near-record U.S. soybean production weighed on the market. The key October
soybean contract closed down 0.50 percent at 3,387 rupees per 100 kg on the National
Commodity & Derivatives Exchange, while the September rapeseed contract rose 0.35 percent
to 3,426 rupees per 100 kg on some value buying.

SOYABEAN (OCTOBER) DAILY CHART



SOYABEAN (OCTOBER) TECHNICAL VIEW:

TREND: BEARISH
SUPPORT 1:3350,
SUPPORT 2: 3260,
RESISTENCE 1: 3490,
RESISTENCE 2: 3550,
STRATEGY: SELL ON RISE

DAILY AGRI COMMODITY REPORT

CHANA

Chana, or chickpea, futures slipped on profit-taking after rising for two consecutive sessions,
though a pickup in local demand and limited supplies are seen supporting prices on Thursday.
The September chana contract closed down 0.33 percent at 2,970 rupees per 100 kg.

CHANA (SEPTEMBER) DAILY CHART



CHANA (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 2940,
SUPPORT 2: 2870,
RESISTENCE 1: 3000,
RESISTENCE 2: 3020.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

JEERA

Jeera, or cumin seed, futures slipped on profit-taking but are expected to open steady on
Thursday on thin supplies. The key September contract ended down 0.35 percent at 11,310
rupees per 100 kg.

JEERA (SEPTEMBER) DAILY CHART



JEERA (SEPTEMBER) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 11150,
SUPPORT 2: 10920,
RESISTENCE 1: 11450,
RESISTENCE 2: 11500.
STRATEGY: BUY ON DIPS

DAILY AGRI COMMODITY REPORT

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