Daily Newsletter-Agri Commodity 28/03/2012
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MARKET WRAP Cardamom prices fall on fresh arrivals, Chana recovered on short recovering, looks positive this week. Turmeric prices up by 1.7 %, but likely to remain in sideways trend.
Jeera prices recovered 2.3%, we can expect some more recovery in prices as it sustains above its key support of 12000. Mentha oil up by 1%, a mixed trend is expected in the next trading session. Pepper consolidated in the range, has not shown any major movement. Soya bean extends its uptrend, prices up by 0.5%.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,203.70
1,160.50
-43.20
-3.59
CHANA
3,662.00
3,711.00
49.00
1.34
GUARGUM
77,850.00
80,970.00
3,120.00
4.01
GUARSEED
24,110.00
25,080.00
970.00
4.02
JEERA
11,897.50
12,170.00
272.50
2.29
MENTHA OIL
2,089.50
2,110.80
21.30
1.02
PEPPER
42,115.00
41,400.00
-715.00
-1.70
RM SEED
3,908.00
3,886.00
-22.00
-0.56
SOYABEAN
2,999.50
3,014.00
14.50
0.48
TURMERIC
4,214.00
4,286.00
72.00
1.71
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TECHNICAL VIEW CARDAMOM (APR) Trend
•Consolidate • Sell on highs
Strategy Resistance Support
• R2 - 1182 • R1 - 1168 • S1 - 1154 • S2 - 1140
GUARGUM (APR) Trend
• Consolidate • Buy on dips
Strategy
CHANA (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 3816 • R1 - 3746
Support
• S1 - 3676 • S2 -3606
GUARSEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 82570 • R1 - 81370
Resistance
• R2 - 25560 • R1 - 25200
Support
• S1 - 80570 • S2 - 79370
Support
• S1 - 24960 • S2 - 24600
JEERA (APR) Trend
Strategy
• Consolidate • Buy on dips
MENTHA OIL (MAR) Trend
Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 12620 • R1 - 12320
Resistance
• R2 - 2150 • R1 - 2124
Support
• S1 - 12020 • S2 - 11720
Support
• S1 - 2098 • S2 - 2072
PEPPER (APR) Trend Strategy
• Consolidate • Sell on highs
RM SEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 42430 • R1 - 41730
Resistance
• R2 - 3996 • R1 - 3921
Support
• S1 - 41070 • S2 - 40370
Support
• S1 - 3851 • S2 - 3776
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SOYABEAN (APR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 3089 •R1 - 3039
Resistance
• R2 - 4436 • R1 - 4336
Support
• S1 - 2989 • S2 - 2939
Support
• S1 - 4236 • S2 - 4136
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