DAILY AGRI REPORT 24 AUG 2013
TURMERIC
Indian turmeric futures rose on Friday. 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. With buyers looking out for more stocks, arrivals are likely to
increase. Meanwhile, traders said that they are yet to receive bulk orders from upcountry
traders.
TURMERIC (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 4900,
SUPPORT 2: 4852,
RESISTENCE 1: 5120,
RESISTENCE 2: 5220,
STRATEGY: BUY ON DIPS.
SOYABEAN
Soybean future prices firmed in futures trade on Friday on increased buying by traders in line
with firm overseas cues. Rise in price in international markets, supported by low supply and
rising domestic demand mainly improved the sentiment here in futures trade.
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: 3000,
SUPPORT 2: 2982,
RESISTENCE 1: 3120,
RESISTENCE 2: 3181.
STRATEGY: BUY ON DIPS.
DHANIYA
Dhaniya in future trade up on friday and there is chances of good buying trend by speculators in
future trade in dhaniya for upcoming days.
DHANIYA (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5600,
SUPPORT 2: 5535,
RESISTENCE 1: 5835,
RESISTENCE 2: 5910.
STRATEGY: BUY ON DIPS.
DISCLAIMERThe 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 rose on Friday. 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. With buyers looking out for more stocks, arrivals are likely to
increase. Meanwhile, traders said that they are yet to receive bulk orders from upcountry
traders.
TURMERIC (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 4900,
SUPPORT 2: 4852,
RESISTENCE 1: 5120,
RESISTENCE 2: 5220,
STRATEGY: BUY ON DIPS.
SOYABEAN
Soybean future prices firmed in futures trade on Friday on increased buying by traders in line
with firm overseas cues. Rise in price in international markets, supported by low supply and
rising domestic demand mainly improved the sentiment here in futures trade.
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: 3000,
SUPPORT 2: 2982,
RESISTENCE 1: 3120,
RESISTENCE 2: 3181.
STRATEGY: BUY ON DIPS.
DHANIYA
Dhaniya in future trade up on friday and there is chances of good buying trend by speculators in
future trade in dhaniya for upcoming days.
DHANIYA (SEP.) TECHNICAL VIEW:
TREND: CONSOLIDATE
SUPPORT 1: 5600,
SUPPORT 2: 5535,
RESISTENCE 1: 5835,
RESISTENCE 2: 5910.
STRATEGY: BUY ON DIPS.
DISCLAIMERThe 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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