DAILY AGRI REPORT 23 AUG 2013
TURMERIC
Indian turmeric futures fell on Thursday on higher carry forward stocks and conducive weather
conditions, helping the progress of the sown crop. Demand has improved in the local market in
the past few days but prices are not sustaining at higher levels because stocks are huge and the
coming crop is also in a good condition.
TURMERIC (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 4900,
SUPPORT 2: 4852,
RESISTENCE 1: 5120,
RESISTENCE 2: 5220,
STRATEGY: BUY ON DIPS.
SOYABEAN
Indian soybean futures extended the previous session's gains on Thursday to hit their highest
level in nearly five weeks on a weak rupee and concerns over crop damage in the top producing
Madhya Pradesh state.
SOYABEAN TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 3191,
SUPPORT 2: 3144,
RESISTENCE 1: 3390,
RESISTENCE 2: 3430,
STRATEGY: BUY ON DIPS.
CHANA
Indian chana, or chickpeas, futures edged up on a pick-up in local demand in the festive season,
though hopes of better sowing due to good monsoon rains and expectations of higher summersown output weighed on sentiment.
CHANA (SEP.) TECHNICAL VIEW:
REND: CONSOLIDATE
SUPPORT 1: 3018,
SUPPORT 2: 2982,
RESISTENCE 1: 3120,
RESISTENCE 2: 3181.
STRATEGY: BUY ON DIPS.
DHANIYA
Dhaniya fall in future trade on Thursday and there is chances of good buying trend by
speculators in future trade in dhaniya for upcoming days on other hand if dhaniya break the
level of 5600 then there may be bearish trend for dhaniya for Friday.
DHANIYA (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5535,
SUPPORT 2: 5460,
RESISTENCE 1: 5835,
RESISTENCE 2: 5910.
STRATEGY: BUY ON DIPS.
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed
to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or
opinion. Users have the right to choose the product/s that suits them the most.
Use of this report in no way constitutes a client/advisor relationship, all information we
communicate to you (the subscriber) either through our Web site or other forms of
communications, are purely for informational purposes only. We recommend seeking individual
investment advice before making any investment, for you are assuming sole liability for your
investments. Capital Stars will in no way have discretionary authority over your trading or
investment accounts
TURMERIC
Indian turmeric futures fell on Thursday on higher carry forward stocks and conducive weather
conditions, helping the progress of the sown crop. Demand has improved in the local market in
the past few days but prices are not sustaining at higher levels because stocks are huge and the
coming crop is also in a good condition.
TURMERIC (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 4900,
SUPPORT 2: 4852,
RESISTENCE 1: 5120,
RESISTENCE 2: 5220,
STRATEGY: BUY ON DIPS.
SOYABEAN
Indian soybean futures extended the previous session's gains on Thursday to hit their highest
level in nearly five weeks on a weak rupee and concerns over crop damage in the top producing
Madhya Pradesh state.
SOYABEAN TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 3191,
SUPPORT 2: 3144,
RESISTENCE 1: 3390,
RESISTENCE 2: 3430,
STRATEGY: BUY ON DIPS.
CHANA
Indian chana, or chickpeas, futures edged up on a pick-up in local demand in the festive season,
though hopes of better sowing due to good monsoon rains and expectations of higher summersown output weighed on sentiment.
CHANA (SEP.) TECHNICAL VIEW:
REND: CONSOLIDATE
SUPPORT 1: 3018,
SUPPORT 2: 2982,
RESISTENCE 1: 3120,
RESISTENCE 2: 3181.
STRATEGY: BUY ON DIPS.
DHANIYA
Dhaniya fall in future trade on Thursday and there is chances of good buying trend by
speculators in future trade in dhaniya for upcoming days on other hand if dhaniya break the
level of 5600 then there may be bearish trend for dhaniya for Friday.
DHANIYA (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5535,
SUPPORT 2: 5460,
RESISTENCE 1: 5835,
RESISTENCE 2: 5910.
STRATEGY: BUY ON DIPS.
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed
to be reliable, but we do Company not accept any responsibility (or liability) for errors of fact or
opinion. Users have the right to choose the product/s that suits them the most.
Use of this report in no way constitutes a client/advisor relationship, all information we
communicate to you (the subscriber) either through our Web site or other forms of
communications, are purely for informational purposes only. We recommend seeking individual
investment advice before making any investment, for you are assuming sole liability for your
investments. Capital Stars will in no way have discretionary authority over your trading or
investment accounts
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