Daily Newsletter-Agri Commodity 27/03/2012
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MARKET WRAP Soya bean continues uptrend, crossed 3000 level. Profit booking continues in cardamom, prices down by 2.5%. Turmeric prices down by 2.3 % on weak domestic demand.
Chana prices down by 1.7%. Guar gum and Guar seed again hits upper circuit of 4%. Jeera has shown mixed trend, prices down in the early session then recovered in the end. Mentha oil hits lower circuit, it may continue its down trend in upcoming session. RM Seed faced selling pressure but strong support around 3900 support the prices.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,229.60
1,199.50
-30.10
-2.45
CHANA
3,725.00
3,660.00
-65.00
-1.74
GUARGUM
74,850.00
77,850.00
3,000.00
4.01
GUARSEED
23,180.00
24,110.00
930.00
4.01
JEERA
11,982.50
11,885.00
-97.50
-0.81
MENTHA OIL
2,173.90
2,086.90
-87.00
-4.00
PEPPER
41,465.00
41,785.00
320.00
0.77
RM SEED
3,921.00
3,900.00
-21.00
-0.54
SOYABEAN
2,965.50
2,997.00
31.50
1.06
TURMERIC
4,318.00
4,220.00
-98.00
-2.27
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TECHNICAL VIEW CARDAMOM (APR) Trend Strategy Resistance Support
•Consolidate • Buy on dips • R2 - 1221 • R1 - 1207 • S1 - 1193 • S2 - 1179
GUARGUM (APR) Trend Strategy
• Consolidate • Buy on dips
CHANA (APR) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 3765 • R1 - 3695
Support
• S1 - 3625 • S2 -3555
GUARSEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 -79450 • R1 - 78250
Resistance
• R2 - 24590 • R1 - 24230
Support
• S1 - 77450 • S2 - 76250
Support
• S1 - 23990 • S2 - 23630
JEERA (APR) Trend
Strategy
• Consolidate • Buy on dips
MENTHA OIL (MAR) Trend
Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 12335 • R1 - 12035
Resistance
• R2 - 2126 • R1 - 2100
Support
• S1 - 11735 • S2 - 11435
Support
• S1 - 2074 • S2 - 2048
PEPPER (APR) Trend Strategy
• Consolidate • Sell on highs
RM SEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 42815 • R1 - 42115
Resistance
• R2 - 4010 • R1 - 3935
Support
• S1 - 41455 • S2 - 40755
Support
• S1 - 3865 • S2 - 3790
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SOYABEAN (APR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 3072 •R1 - 3022
Resistance
• R2 - 4370 • R1 - 4270
Support
• S1 - 2972 • S2 - 2922
Support
• S1 - 4170 • S2 - 4070
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