Daily Newsletter-Agri Commodity 02/06/2012
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MARKET WRAP Cardamom regains 2.4% on profit booking and thin supply. Pepper continues its down rally on higher production estimates. RM Seed declines 1.8% on decrease in domestic demand.
Chana continue to trade in a bearish mode, prices declines nearly 0.7%. Jeera unable to sustain on its yesterday’s recovery and prices fell sharply on higher supply. It declines nearly 3% during the trading session. Soyabean traded down on profit booking. Trend remains uncertain in next trading sessions.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,307.00
1,346.00
39.00
2.98
CHANA
4,153.00
4,124.00
-29.00
-0.70
GUR
1,117.00
1,112.00
-5.00
-0.45
JEERA
13,015.00
12,635.00
-380.00
-2.92
MENTHA OIL
1,201.00
1,215.00
14.00
1.17
PEPPER
38,805.00
38,270.00
-535.00
-1.38
POTATO
1,062.00
1,055.00
-7.00
-0.66
RM SEED
3,833.00
3,766.00
-67.00
-1.75
SOYABEAN
3,404.00
3,361.00
-43.00
-1.26
TURMERIC
3,732.00
3,624.00
-108.00
-2.89
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TECHNICAL VIEW CARDAMOM (JUNE) Trend
•Consolidate • Buy on high
Strategy Resistance Support
• R2 - 1367 • R1 - 1353 • S1 - 1339 • S2 - 1325
CHANA (JUNE) Trend Strategy Resistance
• R2 - 4229 • R1 - 4159
Support
• S1 - 4089 • S2 - 4019
GUR (JULY) Trend
• Consolidate • Sell on high
Strategy
• Consolidate • Sell on high
POTATO (JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 1133 • R1 - 1119
Resistance
• R2 - 1076 • R1 - 1062
Support
• S1 - 1105 • S2 - 1091
Support
• S1 - 1048 • S2 - 1034
JEERA (JUNE) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (JUNE) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 13085 • R1 - 12785
Resistance
• R2 - 1254 • R1 - 1228
Support
• S1 - 12485 • S2 - 12185
Support
• S1 - 1202 • S2 - 1176
PEPPER (JUNE) Trend Strategy
• Consolidate • Sell on high
RM SEED (JUNE) Trend Strategy
• Consolidate •Sell on high
Resistance
• R2 - 39300 • R1 - 38600
Resistance
• R2 - 3876 • R1 - 3801
Support
• S1 - 37940 • S2 - 37240
Support
• S1 - 3731 • S2 - 3656
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SOYABEAN (JUNE) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3436 •R1 - 3386
Resistance
• R2 - 3774 • R1 - 3674
Support
• S1 - 3336 • S2 - 3286
Support
• S1 - 3574 • S2 - 3474
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