Daily Newsletter-Agri Commodity 29/02/2012
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MARKET WRAP Pepper and Turmeric sizzles; hits upper circuit Mentha oil on buying spree; hits new multi years high Mustard seed and Soya bean rebounds on fresh buying
In spices, Turmeric and Pepper sizzled up supply concerns and expected rise in demand advancing 188 pts and 1471 pts respectively. Mentha oil continued its upper circuit spree and made a multi years new high of 1942.70; gaining 74.70 pts. RM seed rebounded & gained 41 pts and Soya bean gave a strong closing; up 3.44% or 88.5 pts.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
924.60
961.60
37.00
4.00
CHANA
3,774.00
3,767.00
-7.00
-0.19
GUARGUM
57,554.00
59,858.00
2,304.00
4.00
GUARSEED
18,059.00
18,782.00
723.00
4.00
JEERA
13,870.00
14,170.00
300.00
2.16
MENTHA OIL
1,868.00
1,942.70
74.70
4.00
PEPPER
36,856.00
38,327.00
1,471.00
4.00
MUSTARD SEED
3,598.00
3,639.00
41.00
1.14
SOYABEAN
2,569.50
2,658.00
88.50
3.44
TURMERIC
4,698.00
4,886.00
188.00
4.00
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TECHNICAL VIEW CARDAMOM (MAR) Trend
• Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 800 • R1 - 970 • S1 - 955 • S2 - 930
CHANA (MAR) Trend Strategy Resistance
• R2 - 3920 • R1 - 3800
Support
• S1 - 3700 • S2 - 3600
GUARGUM (MAR) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Buy on dips
GUARSEED (MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 61800 • R1 - 60250
Resistance
• R2 - 19300 • R1 - 18900
Support
• S1 - 59450 • S2 - 58000
Support
• S1 - 18660 • S2 - 18250
JEERA (MAR) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (FEB) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14700 • R1 - 14300
Resistance
• R2 - 2000 • R1 - 1950
Support
• S1 - 14000 • S2 - 13700
Support
• S1 - 1930 • S2 - 1890
PEPPER (MAR) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 39400 • R1 -38650
Resistance
• R2 - 3760 • R1 - 3680
Support
• S1 - 38000 • S2 - 37100
Support
• S1 - 3600 • S2 - 3500
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SOYABEAN (MAR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3760 • R1 - 2680
Resistance
• R2 - 4100 • R1 - 4950
Support
• S1 - 2640 • S2 - 2560
Support
• S1 - 4840 • S2 - 4700
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