Daily commodity report

DAILY AGRI COMMODITY REPORT Phone: +917316790000

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CAPITALSTARS FINANCIAL RESEARCH PVT. LTD.

DAILY AGRI REPORT

07TH JULY 2014



AGRI WRAP

TURMERIC

Turmeric futures fell because of profit-taking although the downside was limited due to weak

monsoon rains over the southern parts of India, mainly Andhra Pradesh. The key August

contract finished down 1.7 percent at 6,668 rupees per 100 kg on the NCDEX.

TURMERIC (AUGUST) DAILY CHART

TURMERIC (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 6430,

SUPPORT 2: 6316,

RESISTENCE 1: 6728,

RESISTENCE 2: 6830.

STRATEGY: BUY ON DIPS



SOYABEAN

Soybean futures recovered towards the end of the trading session on fresh buying. Planting

delays in the central part of the country also supported prices. Rapeseed futures also rose in

line with soybeans. India's monsoon rainfall was 53 percent below average for the week ended

July 2, the fourth straight week of poor rains after a delayed onset. The key October soybean

contract edged up 1.04 percent to 3788 rupees per 100 kg, while the August rapeseed contract

rose 0.28 percent to 3,545 rupees per 100 kg.

SOYABEAN (AUGUST) DAILY CHART

SOYABEAN (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1:3690,

SUPPORT 2: 3660,

RESISTENCE 1: 3870,

RESISTENCE 2: 3945,

STRATEGY: SELL ON RISE



CHANA

India's chana, or chickpea, futures fell on Friday, as supplies picked up after government raids

against hoarders to ease market concerns over possible supply shortages. The August chana

contract fell 3.34 percent to 2807 rupees per 100 kg on the National Commodity & Derivatives

Exchange.

CHANA (AUGUST) DAILY CHART

CHANA (AUGUST) TECHNICAL VIEW:

TREND: BEARISH

SUPPORT 1: 2740,

SUPPORT 2: 2695,

RESISTENCE 1: 2840,

RESISTENCE 2: 2925.

STRATEGY: SELL ON RISE



JEERA

Jeera, or cumin seed, futures edged higher due to an improvement in demand. The key August

contract rose 0.6 percent to 11,475 rupees per 100 kg.

JEERA (AUGUST) DAILY CHART

JEERA (AUGUST) TECHNICAL VIEW:

TREND: CONSOLIDATE

SUPPORT 1: 11250,

SUPPORT 2: 11000,

RESISTENCE 1: 11700,

RESISTENCE 2: 11820.

STRATEGY: BUY ON DIPS



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