Daily Newsletter-Agri Commodity 15/12/2011
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MARKET WRAP RM seed ended up, hits upper circuit Soybean edges higher on fresh buying Cardamom tumbled on sluggish demand
Spices traded mixed today with Jeera ended up on short covering due to rising demand followed by Pepper regained on fresh buying due to low production estimates while Turmeric tumbled on fresh selling due to higher arrivals. Mentha oil ended marginally up with positive bias. Cardamom ended down on fresh selling due to higher arrival.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
564.30
560.00
-4.30
-0.76
CHANA
3,197.00
3,193.00
-4.00
-0.13
GUARGUM
19,663.00
20,450.00
787.00
4.00
GUARSEED
6,057.00
6,300.00
243.00
4.01
JEERA
13,475.00
13,865.00
390.00
2.89
MENTHA OIL
1,318.90
1,323.50
4.60
0.35
PEPPER
36,275.00
36,860.00
585.00
1.61
MUSTARD SEED
3,234.00
3,364.00
130.00
4.02
SOYABEAN
2,289.50
2,340.00
50.50
2.21
TURMERIC
4,668.00
4,612.00
-56.00
-1.20
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TECHNICAL VIEW CARDAMOM (DEC) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 581 • R1 - 567 • S1 - 553 • S2 - 539
Support
GUARGUM (DEC) Trend
• Bullish • Buy on dips
Strategy
CHANA (DEC) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3285 • R1 - 3225
Support
• S1 - 3160 • S2 - 3100
GUARSEED (DEC) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 21020 • R1 - 20650
Resistance
• R2 - 6480 • R1 - 6350
Support
• S1 - 20260 • S2 - 19880
Support
• S1 - 6250 • S2 - 6120
JEERA (DEC) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (DEC) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14270 • R1 - 14000
Resistance
• R2 - 1363 • R1 - 1337
Support
• S1 - 13730 • S2 - 13460
Support
• S1 - 1311 • S2 - 1285
PEPPER (DEC) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 37930 • R1 - 37225
Resistance
• R2 - 3455 • R1 - 3395
Support
• S1 - 36495 • S2 - 35790
Support
• S1 - 3335 • S2 - 3280
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SOYABEAN (DEC) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (DEC) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2400 • R1 - 2360
Resistance
• R2 - 4755 • R1 - 4660
Support
• S1 - 2320 • S2 - 2280
Support
• S1 - 4555 • S2 - 4460
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