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Weekly Newsletter20/06/2011
Weekly Newsletter-Agri Commodity
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Agri Commodity
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Weekly News Letter-Agri
Contents
Market Wrap
Chana
Turmeric
Jeera
Pepper
Technical Analysis
Chana
Turmeric
Jeera
Pepper
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MARKET WRAP
CHANA The production and exports in Australia is likely to increase by 2 per cent
which might have a negative impact over the Indian market sentiments.
The sowing progress of Kharif pulses has been good is likely to get stimulus
due to rise in MSP by more than 10 per cent this year.
TURMERIC
Reduced arrivals across the spot markets are likely to support the prices. Due
to steep fall in prices growers are also becoming reluctant in further selling of
their produce.
Though demand is also subdued from stockiest still lower level buying in
small amount from Spices companies might support the prices in near term.
JEERA
Jeera futures are expected to continue the bearish trend in coming week on
poor domestic demand. Lack of active buying at spot market is likely to pull
down the prices.
Jeera futures are expected to continue the bearish trend in coming week on
poor domestic demand. Lack of active buying at spot market is likely to pull
down the prices.
PEPPER
Pepper futures are projected to continue the uptrend on emergence of fresh
buying at lower levels in coming week. Lower stocks available across the spot
markets might also support the prices.
Reports of decline in production estimates of Indonesia and Brazil might
support the prices. According to sources, Lampong ASTA production is
expected to decline by 10% this year.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
CHANA 2812 2751 2690
OUTLOOK
Trend:- Consolidate
Resistance:- 2670
Support:- 2610, 2505
Strategy:- Buy on dips
capi
ECHNICAL VIEW
CHANA
R2 R1 P S1 S2
2690 2666 2629 2605 2568
Consolidate
670, 2750
2505
Buy on dips
CHANA WEEKLY
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WEEKLY PIVOT
SCRIPT R4 R3
TURMERIC 8077 7829
OUTLOOK
Trend:- Consolidate
Resistance:- 7490
Support:- 7240, 6840
Strategy:- Buy on dips
capi
TURMERIC
R2 R1 P S1 S2
7581 7487 7333 7239 7085
Consolidate
7490, 7830
6840
Buy on dips
TURMERIC WEEKLY
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WEEKLY PIVOT
SCRIPT R4 R3 R2
JEERA 16239 15506 14773
OUTLOOK
Trend:- Bearish
Resistance:- 14350
Support:- 13600,
Strategy:- Sell on high
capi
JEERA
R2 R1 P S1 S2
14773 14347 14040 13614 13307
14350, 15500
, 12570
Sell on high
JEERA WEEKLY
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12574 11841
WEEKLY PIVOT
SCRIPT R4 R3 R2
PEPPER 34734 32954 31174
OUTLOOK
Trend:- Consolidate
Resistance:- 30150
Support:- 28360,
Strategy:- Sell on high
capi
PEPPER
R2 R1 P S1 S2
31174 30137 29394 28357 27614
Consolidate
30150, 31200
, 27600
Sell on high
PEPPER WEEKLY
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