Daily Newsletter-Agri Commodity 12/11/2011
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MARKET WRAP Cardamom ends down on fresh selling Mentha oil declines on weak industrial demand RM seed up on global cues
In Oil & Oil seeds, RM seed gained 1.68% or 51 pts due to short covering amid strong export demand. In pulses, Chana was up 1.16% or 39 pts due to fresh buying. In Spices, Jeera was up 1.7% or 225 pts due to short covering and buying at lower levels. Pepper gained 3.06% or 1015 pts due to strong demand outlook amid limited stock.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
619.30
600.20
-19.10
-3.08
CHANA
3,341.00
3,380.00
39.00
1.17
GUARGUM
12,738.00
13,081.00
343.00
2.69
GUARSEED
4,106.00
4,108.00
2.00
0.05
JEERA
13,127.00
13,352.00
225.00
1.71
MENTHA OIL
1,316.50
1,307.30
-9.20
-0.70
PEPPER
33,065.00
34,080.00
1,015.00
3.07
MUSTARD SEED
3,034.00
3,085.00
51.00
1.68
SOYABEAN
2,186.50
2,181.00
-5.50
-0.25
TURMERIC
4,836.00
4,668.00
-168.00
-3.47
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TECHNICAL VIEW CARDAMOM (NOV) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 621 • R1 - 607 • S1 - 593 • S2 - 579
Support
GUARGUM (NOV) Trend
• Consolidate • Sell on high
Strategy
CHANA (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3470 • R1 - 3410
Support
• S1 - 3350 • S2 - 3290
GUARSEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13470 • R1 - 13210
Resistance
• R2 - 4245 • R1 - 4155
Support
• S1 - 12950 • S2 - 12690
Support
• S1 - 4060 • S2 - 3970
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (NOV) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13800 • R1 - 13500
Resistance
• R2 - 1345 • R1 - 1320
Support
• S1 - 13200 • S2 - 12900
Support
• S1 - 1295 • S2 - 1270
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 35150 • R1 - 34445
Resistance
• R2 - 3165 • R1 - 3110
Support
• S1 - 33715 • S2 - 33020
Support
• S1 - 3060 • S2 - 3005
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (NOV) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2240 • R1 - 2200
Resistance
• R2 - 4815 • R1 - 4720
Support
• S1 - 2160 • S2 - 2120
Support
• S1 - 4615 • S2 - 4520
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