Daily Newsletter-Agri Commodity 22/10/2011
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MARKET WRAP Spices trades up on better demand outlook Guar gum and seed extends uptrend Chana and Jeera ends down in red
Spices ended up in green today due to better demand outlook amid festivals and lower supply concerns though Jeera was in red due to profit booking. In Oil and oil seed space, RM seed was major gainer adding 23 pts followed by Soya bean seed gaining 23 pts. Guar gum extended uptrend gaining 210 pts & seed edged up 63 pts or 1.55%
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
707.50
703.00
-4.50
-0.64
CHANA
3,313.00
3,305.00
-8.00
-0.24
GUARGUM
12,920.00
13,130.00
210.00
1.63
GUARSEED
4,065.00
4,128.00
63.00
1.55
JEERA
14,841.00
14,740.00
-101.00
-0.68
MENTHA OIL
1,333.10
1,334.60
1.50
0.11
PEPPER
35,820.00
35,910.00
90.00
0.25
MUSTARD SEED
2,996.00
3,019.00
23.00
0.77
SOYABEAN
2,171.50
2,185.00
13.50
0.62
TURMERIC
5,176.00
5,208.00
32.00
0.62
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TECHNICAL VIEW CARDAMOM (NOV) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 724 • R1 - 710 • S1 - 696 • S2 - 682
Support
GUARGUM (NOV) Trend
• Consolidate • Sell on high
Strategy
CHANA (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3095 • R1 - 3035
Support
• S1 - 3275 • S2 - 3215
GUARSEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13520 • R1 - 13260
Resistance
• R2 - 4263 • R1 - 4173
Support
• S1 - 13000 • S2 - 12740
Support
• S1 - 4083 • S2 - 3993
JEERA (NOV) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 15190 • R1 - 14890
Resistance
• R2 - 1373.60 • R1 - 1347.60
Support
• S1 - 14590 • S2 - 14290
Support
• S1 - 1321.60 • S2 - 1295.60
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 36976 • R1 - 36276
Resistance
• R2 - 3101 • R1 - 3047
Support
• S1 - 35544 • S2 - 34844
Support
• S1 - 2991 • S2 - 2937
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (NOV) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2245 • R1 - 2205
Resistance
• R2 - 5358 • R1 - 5258
Support
• S1 - 2165 • S2 - 2125
Support
• S1 - 5158 • S2 - 5058
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