Daily Newsletter-Agri Commodity 01/06/2012
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MARKET WRAP Chana declines nearly 2.4% on ample supply in spot market. Jeera regains 2.7% on thin supply and strong domestic demand. Mentha oil hits upper circuit of 4% on expiry of the contract.
Cardamom sheds nearly 2% on continuous decrease in domestic demand. Prices closed near its support level of 1300. Pepper declines sharply on fresh arrivals. Prices closed below 39000. It may continue its downtrend in the upcoming trading sessions. Turmeric recovered 1.3% on profit booking, prices closed at 3724.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,333.00
1,308.00
-25.00
-1.88
CHANA
4,234.00
4,143.00
-91.00
-2.15
GUR
1,116.00
1,116.00
0.00
0.00
JEERA
12,705.00
13,042.00
337.00
2.65
MENTHA OIL
1,166.00
1,212.00
46.00
3.95
PEPPER
39,545.00
38,820.00
-725.00
-1.83
POTATO
1,064.00
1,060.00
-4.00
-0.38
RM SEED
3,841.00
3,835.00
-6.00
-0.16
SOYABEAN
3,376.00
3,407.00
31.00
0.92
TURMERIC
3,676.00
3,724.00
48.00
1.31
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TECHNICAL VIEW CARDAMOM (JUNE) Trend
•Consolidate • Sell on high
Strategy Resistance Support
• R2 - 1329 • R1 - 1315 • S1 - 1301 • S2 - 1287
CHANA (JUNE) Trend Strategy Resistance
• R2 - 4248 • R1 - 4178
Support
• S1 - 4108 • S2 - 4038
GUR (JULY) Trend
• Consolidate • Sell on high
Strategy
• Consolidate • Sell on high
POTATO (JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 1137 • R1 - 1123
Resistance
• R2 - 1081 • R1 - 1067
Support
• S1 - 1109 • S2 - 1095
Support
• S1 - 1053 • S2 - 1039
JEERA (JUNE) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (JUNE) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 13492 • R1 - 13192
Resistance
• R2 - 1251 • R1 - 1225
Support
• S1 - 12892 • S2 - 12592
Support
• S1 - 1199 • S2 - 1173
PEPPER (JUNE) Trend Strategy
• Consolidate • Sell on high
RM SEED (JUNE) Trend Strategy
• Consolidate •Sell on high
Resistance
• R2 - 39850 • R1 - 39150
Resistance
• R2 - 3945 • R1 - 3870
Support
• S1 - 38490 • S2 - 37790
Support
• S1 - 3800 • S2 - 3725
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SOYABEAN (JUNE) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3482 •R1 - 3432
Resistance
• R2 - 3874 • R1 - 3774
Support
• S1 - 3382 • S2 - 3332
Support
• S1 - 3674 • S2 - 3574
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