Daily AgriCommodity Newsletter By CapitalHeight 01-11-2012

Page 1

Daily Newsletter-Agri Commodity 01/11/2012

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MARKET WRAP Soybean ended higher by more than a percent on short covering. Pepper plunged almost 3% on breakout from a major support level. Jeera closed absolutely flat amid volatility.

Pepper witnessed a sharp fall in last trading session of the month giving breakout from a crucial support level and closed with a net loss of close to 3%. Cardamom continues its bearish trend falling for third consecutive day on continuous stock arrival. Castor Seed ended lower by more than 1% due to adequate supply in the markets.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

821.00

810.00

-11.00

-1.34

CASTOR SEED

3,687.00

3,635.00

-52.00

-1.41

CHANA

4,716.00

4,705.00

-11.00

-0.23

DHANIYA

4,402.00

4,421.00

19.00

0.43

JEERA

14,300.00

14,295.00

-5.00

-0.03

MENTHA OIL

1,172.00

1,175.00

3.00

0.26

PEPPER

44,295.00

42,970.00

-1,325.00

-2.99

RM SEED

4,243.00

4,196.00

-47.00

-1.11

SOYBEAN

3,250.00

3,290.00

40.00

1.23

TURMERIC

5,082.00

5,138.00

56.00

1.10

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TECHNICAL VIEW CARDAMOM (NOV) Trend

• Consolidate • Sell On High

Strategy Resistance Support

• R2 - 855 • R1 - 822 • S1 - 798 • S2 - 782

CHANA (NOV) Trend

• Consolidate • Buy On Dips

Strategy

CASTOR SEED (NOV) Trend Strategy

• Consolidate • Sell On High

Resistance

• R2 - 3762 • R1 - 3689

Support

• S1 - 3580 • S2 - 3507

DHANIYA (NOV) Trend Strategy

• Consolidate • Buy On Dips

Resistance

• R2 - 4876 • R1 - 4782

Resistance

• R2 - 4575 • R1 - 4487

Support

• S1 - 4675 • S2 - 4560

Support

• S1 - 4355 • S2 - 4266

JEERA (NOV) Trend Strategy

• Consolidate • Buy On Dips

MENTHA OIL (NOV) Trend Strategy

• Consolidate • Sell On High

Resistance

• R2 - 14832 • R1 - 14545

Resistance

• R2 - 1216 • R1 - 1192

SupporT

• S1 - 14115 • S2 - 13828

Support

• S1 - 1157 • S2 - 1110

PEPPER (NOV) Trend Strategy

• Consolidate • Buy On Dips

RM SEED (NOV) Trend Strategy

•Consolidate • Buy On Dips

Resistance

• R2 - 44450 • R1 - 43750

Resistance

• R2 - 4342 • R1 - 4259

Support

• S1 - 42325 • S2 - 41466

Support

• S1 - 4133 • S2 - 4049

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SOYABEAN (NOV) Trend Strategy

• Consolidate • Buy On Dips

TURMERIC (NOV) Trend Strategy

• Consolidate • Sell On High

Resistance

• R2 - 3375 •R1 - 3339

Resistance

• R2 - 5318 • R1 - 5220

Support

• S1 - 3220 • S2 - 3175

Support

• S1 - 5060 • S2 - 4940

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