Daily Newsletter-Agri Commodity 08/11/2011
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MARKET WRAP Guar gum & seeds decline on profit booking Jeera tumbles on fresh selling Turmeric tumbles on higher arrivals
Oil & oil seeds traded flat today, Soybean seed gained 0.18% or 4 pts while RM seeds losing almost 0.60% or 18 pts. Spices traded in red for second consecutive day with Jeera losing almost 1.70% or 240 pts due to lower export demand and Pepper declines almost 1.80% or 595 pts due to fresh selling & continuous higher arrival in market.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
648.80
650.60
1.80
0.28
CHANA
3,459.00
3,486.00
27.00
0.78
GUARGUM
14,144.00
13,970.00
-174.00
-1.23
GUARSEED
4,559.00
4,465.00
-94.00
-2.06
JEERA
14,281.00
14,041.00
-240.00
-1.68
MENTHA OIL
1,332.10
1,317.20
-14.90
-1.12
PEPPER
33,220.00
32,625.00
-595.00
-1.79
MUSTARD SEED
3,070.00
3,052.00
-18.00
-0.59
SOYABEAN
2,215.00
2,219.00
4.00
0.18
TURMERIC
4,998.00
4,988.00
-10.00
-0.20
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TECHNICAL VIEW CARDAMOM (NOV) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 672 • R1 - 658 • S1 - 644 • S2 - 630
Support
GUARGUM (NOV) Trend
• Consolidate • Buy on dips
Strategy
CHANA (NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 3575 • R1 - 3515
Support
• S1 - 3455 • S2 - 3395
GUARSEED (NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14360 • R1 - 14100
Resistance
• R2 - 4600 • R1 - 4510
Support
• S1 - 13840 • S2 - 13580
Support
• S1 - 4420 • S2 - 4330
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (NOV) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14490 • R1 - 14190
Resistance
• R2 - 1355 • R1 - 1330
Support
• S1 - 13890 • S2 - 13590
Support
• S1 - 1305 • S2 - 1275
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 33690 • R1 - 32990
Resistance
• R2 - 3135 • R1 - 3080
Support
• S1 - 32260 • S2 - 31560
Support
• S1 - 3025 • S2 - 2970
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (NOV) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2280 • R1 - 2240
Resistance
• R2 - 5140 • R1 - 5040
Support
• S1 - 2200 • S2 - 2160
Support
• S1 - 4935 • S2 - 4840
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