Daily Newsletter-Agri Commodity 28/02/2012
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MARKET WRAP Cardamom extends uptrend on fresh buying Mentha oil hits upper circuit on extended buying Mustard seed and Soya bean down on profit booking
Cardamom rebounded and advanced 4% on the back of extended buying as it added 35.6 pts or 4%. Mentha oil advanced for fourth consecutive day hitting upper circuitry on robust demand outlook and firm demand from Pharma sector. Mustard seed ended down and shredded 2.8% or 104 pts while Soya bean was down 1.4% or 36 pts as well.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
891.20
926.80
35.60
4.00
CHANA
3,761.00
3,772.00
11.00
0.29
GUARGUM
55,340.00
57,554.00
2,214.00
4.00
GUARSEED
17,364.00
18,059.00
695.00
4.00
JEERA
13,840.00
13,890.00
50.00
0.36
MENTHA OIL
1,796.80
1,868.70
71.90
4.00
PEPPER
36,230.00
36,800.00
570.00
1.57
MUSTARD SEED
3,699.00
3,595.00
-104.00
-2.81
SOYABEAN
2,609.50
2,573.50
-36.00
-1.38
TURMERIC
4,744.00
4,698.00
-46.00
-0.97
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TECHNICAL VIEW CARDAMOM (MAR) Trend
• Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 965 • R1 - 935 • S1 - 920 • S2 - 900
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 - 57900 • R1 - 55800
Resistance
• R2 - 17900 • R1 - 17400
Support
• S1 - 54950 • S2 - 53500
Support
• S1 - 17250 • S2 - 16800
JEERA (MAR) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (FEB) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14350 • R1 - 14050
Resistance
• R2 - 1930 • R1 - 1880
Support
• S1 - 13750 • S2 - 13440
Support
• S1 - 1850 • S2 - 1810
PEPPER (MAR) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 37900 • R1 - 37130
Resistance
• R2 - 3700 • R1 - 3640
Support
• S1 - 36400 • S2 - 35700
Support
• S1 - 3560 • S2 - 3490
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SOYABEAN (MAR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2660 • R1 - 2600
Resistance
• R2 - 4890 • R1 - 4750
Support
• S1 - 2540 • S2 - 2490
Support
• S1 - 4650 • S2 - 4540
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