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AGRI WRAP

TURMERIC 
 
Indian turmeric futures ended flat as weak demand offset concerns that heavy rainfall in key  growing areas might have damaged the crop. The key December contract 0.66% up at 5780  rupees per 100 kg. 

TURMERIC (APRIL) TECHNICAL VIEW: 
 
TREND: CONSOLIDATE 
SUPPORT 1: 5640, 
SUPPORT 2: 5470, 
RESISTENCE 1: 6056, 
RESISTENCE 2: 6092. 
STRATEGY: SELL ON RISE

SOYABEAN 
 
Indian rapeseed and soyoil futures edged higher on bargain-buying, driven by an upside in  overseas palm oil prices, while soybeans ended flat as demand was sluggish in spot markets  Malaysian palm oil futures ended higher on Friday on growers' estimates that output in the  world's No. 2 producer had fallen steeply, and on floods that could delay harvesting. 

SOYABEAN (JAN.) TECHNICAL VIEW: 
 
TREND: CONSOLIDATE 
SUPPORT 1:3700, 
SUPPORT 2: 3530, 
RESISTENCE 1: 3830, 
RESISTENCE 2: 3925, 
STRATEGY: SELL ON RISE

JEERA 
 
Indian jeera futures rose on export demand though ongoing sowing and prospects of a better  crop capped the gains. Jeera sowing 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 (MARCH) TECHNICAL VIEW: 
 
TREND: CONSOLIDATE 
SUPPORT 1: 12720, 
SUPPORT 2: 12640, 
RESISTENCE 1: 12950, 
RESISTENCE 2: 13060. 
STRATEGY: SELL ON RISE.

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