Daily Newsletter-Agri Commodity 24/02/2012
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MARKET WRAP Mustard Seed rebounds on fresh buying Guar gum and Seed hits upper circuit Cardamom extends uptrend, advances 2.9%
Cardamom advanced today on the back of extended buying gaining 2.9% or 24.20 pts due to expected rise in demand. Guar gum and Seed after consolidation hit upper circuit gaining 1968 pts and 618 pts respectively on the back of fresh buying. In spices, Turmeric added 1.3% or 64 pts while Jeera gained 1.1% or 150 pts due to fresh buying.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
846.00
870.20
24.20
2.86
CHANA
3,609.00
3,661.00
52.00
1.44
GUARGUM
49,194.00
51,162.00
1,968.00
4.00
GUARSEED
15,435.00
16,053.00
618.00
4.00
JEERA
13,933.00
14,082.50
149.50
1.07
MENTHA OIL
1,655.10
1,685.80
30.70
1.85
PEPPER
33,375.00
33,700.00
325.00
0.97
MUSTARD SEED
3,548.00
3,657.00
109.00
3.07
SOYABEAN
2,592.50
2,625.00
32.50
1.25
TURMERIC
4,686.00
4,750.00
64.00
1.37
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TECHNICAL VIEW CARDAMOM (MAR) Trend
• Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 905 • R1 - 885 • S1 - 860 • S2 - 845
CHANA (MAR) Trend Strategy Resistance
• R2 - 3800 • R1 - 3690
Support
• S1 - 3620 • S2 - 3550
GUARGUM (MAR) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Buy on dips
GUARSEED (MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 53000 • R1 - 51560
Resistance
• R2 - 16700 • R1 - 16180
Support
• S1 - 50750 • S2 - 49000
Support
• S1 - 15930 • S2 - 15530
JEERA (MAR) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (FEB) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14500 • R1 - 14230
Resistance
• R2 - 1740 • R1 - 1700
Support
• S1 - 13930 • S2 - 13630
Support
• S1 - 1670 • S2 - 1645
PEPPER (MAR) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 34800 • R1 - 34000
Resistance
• R2 - 3760 • R1 - 3690
Support
• S1 - 33370 • S2 - 32600
Support
• S1 - 3620 • S2 - 3540
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SOYABEAN (MAR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2700 • R1 - 2650
Resistance
• R2 - 4940 • R1 - 4800
Support
• S1 - 2600 • S2 - 2550
Support
• S1 - 4700 • S2 - 4550
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