Daily Newsletter-Agri Commodity 26/04/2012
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MARKET WRAP Jeera regains 1.8% on firm physical demand. Pepper up on weak supply and good domestic demand. Mentha oil continue to hit lower circuit on higher sowing.
Cardamom continued its downtrend, prices declines 0.8%. RM Seed recovered 1.7% on weak arrivals, prices closed at 3945. Soya bean continue to trade higher on production cut in Argentina, prices gains 3.8% during the session and closed above 3500. Turmeric opened up but failed to sustain above 3650, prices closed flat at 3634.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,116.00
1,107.00
-9.00
-0.81
CHANA
3,682.00
3,708.00
26.00
0.71
GUR
1,217.00
1,219.00
2.00
0.16
JEERA
12,142.00
12,350.00
208.00
1.71
MENTHA OIL
1,837.00
1,763.00
-74.00
-4.03
PEPPER
38,105.00
38,650.00
545.00
1.43
POTATO
1,066.00
1,074.00
8.00
0.75
RM SEED
3,880.00
3,945.00
65.00
1.68
SOYABEAN
3,376.00
3,506.00
130.00
3.85
TURMERIC
3,624.00
3,634.00
10.00
0.28
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TECHNICAL VIEW CARDAMOM (MAY) Trend
•Consolidate • Sell on highs
Strategy Resistance Support
• R2 - 1128 • R1 - 1114 • S1 - 1100 • S2 - 1086
CHANA (MAY) Trend Strategy Resistance
• R2 - 3813 • R1 - 3743
Support
• S1 - 3673 • S2 - 3603
GUR (MAY) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Buy on dips
POTATO (MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 1240 • R1 - 1226
Resistance
• R2 - 1095 • R1 - 1081
Support
• S1 - 1212 • S2 - 1198
Support
• S1 - 1067 • S2 - 1053
JEERA (MAY) Trend
Strategy
• Consolidate • Sell on highs
MENTHA OIL (MAY) Trend
Strategy
• Bearish • Sell on highs
Resistance
• R2 - 12800 • R1 - 12500
Resistance
• R2 - 1802 • R1 - 1776
Support
• S1 - 12200 • S2 - 11900
Support
• S1 - 1750 • S2 - 1724
PEPPER (MAY) Trend Strategy
• Consolidate • Buy on dips
RM SEED (MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 39680 • R1 - 38980
Resistance
• R2 - 4055 • R1 - 3980
Support
• S1 - 38320 • S2 - 37620
Support
• S1 - 3910 • S2 - 3853
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SOYABEAN (MAY) Trend Strategy
• Bullish • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 3581 •R1 - 3531
Resistance
• R2 - 3784 • R1 - 3684
Support
• S1 - 3481 • S2 - 3431
Support
• S1 - 3584 • S2 - 3484
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