Daily Newsletter-Agri Commodity 27/12/2011
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MARKET WRAP Cardamom hits upper circuit on limited stocks Guar gum & seed hits lower circuit on profit booking Turmeric hits upper circuit on fresh buying
Spices traded in green today with Turmeric leading as it hit upper circuit or gaining 186 pts on fresh buying amid better demand outlook followed by Jeera adding 3% while Pepper lost 1.75% on fresh selling. Guar gum and Seed ended down hitting lower circuit on the back of profit booking. Cardamom gained 23.8 pts or 4% on limited stocks.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
596.10
619.90
23.80
3.99
CHANA
3,181.00
3,309.00
128.00
4.02
GUARGUM
23,889.00
22,934.00
-955.00
-4.00
GUARSEED
7,237.00
6,948.00
-289.00
-3.99
JEERA
15,637.00
16,110.00
473.00
3.02
MENTHA OIL
1,322.70
1,328.10
5.40
0.41
PEPPER
33,520.00
32,935.00
-585.00
-1.75
MUSTARD SEED
3,452.00
3,486.00
34.00
0.98
SOYABEAN
2,414.50
2,435.50
21.00
0.87
TURMERIC
4,622.00
4,808.00
186.00
4.02
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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 641 • R1 - 627 • S1 - 613 • S2 - 599
Support
GUARGUM (JAN) Trend
• Consolidate • Buy on dips
Strategy
CHANA (JAN) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3420 • R1 - 3340
Support
• S1 - 3280 • S2 - 3210
GUARSEED (JAN) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 23500 • R1 - 23120
Resistance
• R2 - 7130 • R1 - 7000
Support
• S1 - 22740 • S2 - 22360
Support
• S1 - 6890 • S2 - 6770
JEERA (JAN) Trend Strategy
• Bullish • Buy on dips
MENTHA OIL (JAN) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 16510 • R1 - 16240
Resistance
• R2 - 1367 • R1 - 1341
Support
• S1 - 15970 • S2 - 15700
Support
• S1 - 1315 • S2 - 1290
PEPPER (JAN) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (JAN) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 34000 • R1 - 33300
Resistance
• R2 - 3575 • R1 - 3515
Support
• S1 - 32600 • S2 - 31860
Support
• S1 - 3460 • S2 - 3410
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SOYABEAN (JAN) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (APR) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2495 • R1 - 2455
Resistance
• R2 - 4960 • R1 - 4860
Support
• S1 - 2410 • S2 - 2375
Support
• S1 - 4760 • S2 - 4660
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