DAILY AGRI REPORT

                                                                 AGRI WRAP
TURMERIC

Indian turmeric futures rose, tracking positive cues from the spot market that helped offset
mounting carry-forward stocks and lower-than-expected exports. Turmeric were up on some
improvement in demand from northern part of the country, though large carry-forward stocks
limited the upside. Local supplies would increase with the arrival of the new crop from
February.


TURMERIC (DEC.) TECHNICAL VIEW: 



TREND: CONSOLIDATE
SUPPORT 1: 4810,
SUPPORT 2: 4770,
RESISTENCE 1: 4950,
RESISTENCE 2: 5050,
STRATEGY: BUY ON DIPS.

SOYABEAN

Soybeans fell on profit-taking due to a decline in demand from millers in spot markets.
Malaysian palm oil futures ended lower as investors turned cautious about risky bets, but
uncertainty about supplies of competing edible oil from the Philippines propped up prices.





SOYABEAN (NOV.) TECHNICAL VIEW:
 TREND: CONSOLIDATE
SUPPORT 1:3840,
SUPPORT 2: 3740,
RESISTENCE 1: 3935,
RESISTENCE 2: 4020,
STRATEGY: SELL ON RISE.

CHANA

Chana prices rose in futures trade as traders enlarged their holdings on account of good
demand in the spot market. However, significant stocks and reports of conducive weather for
sowing amid adequate soil moisture restricted the upside. Chana rose on concerns farmers in
top producing Madhya Pradesh may divert area under chana to wheat.




CHANA (DEC.) TECHNICAL VIEW:

TREND: CONSOLIDATE
SUPPORT 1: 3085,
SUPPORT 2: 3056,
RESISTENCE 1: 3240,
RESISTENCE 2: 3270.
STRATEGY: BUY ON DIPS.

JEERA

Indian jeera futures rose on some fresh export demand, while ongoing sowing operations and
conducive weather capped the gains. Sowing of jeera has started in the key cultivating areas.
Jeera, or cumin seed, is a winter crop sown from October and farmers mainly depend on rains
to moisten the land for sowing.

JEERA (DEC.) TECHNICAL VIEW:



 TREND: CONSOLIDATE
SUPPORT 1: 12300,
SUPPORT 2: 12200,
RESISTENCE 1: 12550,
RESISTENCE 2: 12755.
STRATEGY: BUY ON DIPS.


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