Daily Newsletter-Agri Commodity 22/02/2012
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MARKET WRAP Cardamom extends uptrend, up 1.7% Jeera declines on fresh selling Pepper up on supply concerns
Cardamom extended its uptrend on the back of fresh buying at lower levels ahead of rise in its domestic demand as it added 14 pts. Chana added 90 pts or 2.6% on the back of lower acreage concerns. In spices, Jeera declined shredding 1.94% or 274 pts due to selling pressure due to higher arrival while Pepper sizzled up 925 pts or 2.98%
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
813.00
827.00
14.00
1.72
CHANA
3,451.00
3,541.00
90.00
2.61
GUARGUM
49,419.00
49,210.00
-209.00
-0.42
GUARSEED
15,433.00
15,500.00
67.00
0.43
JEERA
14,118.00
13,844.00
-274.00
-1.94
MENTHA OIL
1,614.10
1,636.00
21.90
1.36
PEPPER
31,080.00
32,005.00
925.00
2.98
MUSTARD SEED
3,491.00
3,589.00
98.00
2.81
SOYABEAN
2,601.50
2,630.00
28.50
1.10
TURMERIC
4,806.00
4,690.00
-116.00
-2.41
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TECHNICAL VIEW CARDAMOM (MAR) Trend
• Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 855 • R1 - 834 • S1 - 820 • S2 - 795
CHANA (MAR) Trend Strategy Resistance
• R2 - 3690 • R1 - 3575
Support
• S1 - 3500 • S2 - 3390
GUARGUM (MAR) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Buy on dips
GUARSEED (MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 51000 • R1 - 49640
Resistance
• R2 - 16100 • R1 - 15620
Support
• S1 - 48800 • S2 - 47150
Support
• S1 - 15380 • S2 - 14980
JEERA (MAR) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (FEB) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14300 • R1 - 13990
Resistance
• R2 - 1685 • R1 - 1650
Support
• S1 - 13690 • S2 - 13380
Support
• S1 - 1620 • S2 - 1590
PEPPER (MAR) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 33010 • R1 - 32300
Resistance
• R2 - 3699 • R1 - 3620
Support
• S1 - 31670 • S2 - 30970
Support
• S1 - 3550 • S2 - 3480
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SOYABEAN (MAR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2720 • R1 - 2655
Resistance
• R2 - 4890 • R1 - 4750
Support
• S1 - 2600 • S2 - 2520
Support
• S1 - 4640 • S2 - 4510
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