Daily Newsletter-Agri Commodity 17/12/2011
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MARKET WRAP Chana settled higher on rising demand RM seed ended up on low stocks availability Guar gum & Guar seed ended down on profit booking
Spices traded mixed today with Turmeric ended down, hits lower circuit on fresh selling due to higher arrivals followed by Jeera declined on weak export demand while Pepper regained on fresh buying due to rising export demand. Mentha Oil edges higher on short covering due to strong industrial demand. Cardamom ended flat on lack of cues.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
601.00
600.30
-0.70
-0.12
CHANA
3,173.00
3,205.00
32.00
1.01
GUARGUM
21,268.00
21,029.00
-239.00
-1.12
GUARSEED
6,552.00
6,370.00
-182.00
-2.78
JEERA
13,790.00
13,753.00
-37.00
-0.27
MENTHA OIL
1,296.40
1,304.00
7.60
0.59
PEPPER
36,915.00
37,180.00
265.00
0.72
MUSTARD SEED
3,416.00
3,433.00
17.00
0.50
SOYABEAN
2,312.50
2,321.00
8.50
0.37
TURMERIC
4,426.00
4,250.00
-176.00
-3.98
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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 621 • R1 - 607 • S1 - 593 • S2 - 579
Support
GUARGUM (DEC) Trend
• Bullish • Buy on dips
Strategy
CHANA (DEC) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3295 • R1 - 3235
Support
• S1 - 3175 • S2 - 3115
GUARSEED (DEC) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 21600 • R1 - 21220
Resistance
• R2 - 6550 • R1 - 6430
Support
• S1 - 20840 • S2 - 20460
Support
• S1 - 6310 • S2 - 6190
JEERA (DEC) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (DEC) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14165 • R1 - 13890
Resistance
• R2 - 1343 • R1 - 1317
Support
• S1 - 13620 • S2 - 13350
Support
• S1 - 1291 • S2 - 1265
PEPPER (DEC) Trend Strategy
• Consolidate • Buy on dips
MUSTARD SEED (DEC) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 38250 • R1 - 37545
Resistance
• R2 - 3520 • R1 - 3465
Support
• S1 - 36820 • S2 - 36115
Support
• S1 - 3405 • S2 - 3350
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SOYABEAN (DEC) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (DEC) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2380 • R1 - 2340
Resistance
• R2 - 4390 • R1 - 4300
Support
• S1 - 2300 • S2 - 2260
Support
• S1 - 4200 • S2 - 4110
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