Weekly Newsletter Newsletter-Agri Commodity 23/08/2010
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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 Demand from the local stockists improved due to lower quotes offered and commencement of festivals in the coming days will provide support to the prices in the short term. Firm sentiments prevailed in all the major mandis amidst regular arrivals and better offtakes by the local stockists in the early part of the session.
TURMERIC Fresh speculative buying at lower levels supported the price. NCDEX accredited warehouses turmeric stocks rose by 130 tn to 4029 tn. Adequate stocks followed by increased arrivals from the producing belts also weighed on the prices.
JEERA Overseas and domestic buyers are following a wait and watch stance and would place fresh orders once the prices stabilize. Locally demand is normal but prices are not sustaining at higher levels due to subdued overseas demand.
PEPPER Fresh arrivals of Pepper in Indonesia and lower quotes offered in the international market will pressurize the prices in the domestic market. Demand from the overseas and domestic buyers is dull which will also pressurize the prices in the short term.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2537
R3 2458
R2 2379
R1 2332
P 2300
S1 2253
S2 2221
S3 2142
S4 2063
OUTLOOK Trend: - Consolidate Resistance: - 2310, 2370 Support: - 2195,, 2135 Strategy: - Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 27627
R3 25302
R2 22977
R1 22128
P 20652
S1 19803
S2 18327
S3 16002
S4 13677
OUTLOOK Trend: - Bearish Resistance:- 14025 14025, 14750 Support:- 12375,, 11680 Strategy: - Sell on highs TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 17035
R3 16312
R2 15589
R1 15255
P 14866
S1 14532
S2 14143
S3 13420
S4 12697
OUTLOOK Trend:- Consolidate Resistance:- 15315, 15780 Support: - 14045, 13700 Strategy:- Buy on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 27627
R3 25302
R2 22977
R1 22128
P 20652
S1 19803
S2 18327
S3 16002
S4 13677
OUTLOOK Trend:- Bullish Resistance:- 22000, 22128 Support: - 20250, 19400 Strategy:- Buy on dips PEPPER WEEKLY
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