Daily News Letter Agri-commodity 06/02/2012

Page 1

Daily Newsletter-Agri Commodity 06/02/2012

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MARKET WRAP Cardamom up on fresh buying Chana slides down on profit booking Jeera tumbles more than 3%

Cardamom ended up gaining 2.80% or 18.70 pts on the back of fresh buying and expected rise in demand. Chana ended down shredding more than 1% or 34 pts on the back of profit booking at higher levels. Jeera among spices was worst shredding more than 3% or 469 pts due to higher output concerns while Pepper shredded 45 pts.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

667.00

685.70

18.70

2.80

CHANA

3,300.00

3,266.00

-34.00

-1.03

GUARGUM

41,023.00

40,650.00

-373.00

-0.91

GUARSEED

12,495.00

12,600.00

105.00

0.84

JEERA

14,766.00

14,297.00

-469.00

-3.18

MENTHA OIL

1,563.50

1,542.50

-21.00

-1.34

PEPPER

30,295.00

30,250.00

-45.00

-0.15

MUSTARD SEED

3,255.00

3,287.00

32.00

0.98

SOYABEAN

2,437.00

2,459.00

22.00

0.90

TURMERIC

4,628.00

4,650.00

22.00

0.48

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TECHNICAL VIEW CARDAMOM (FEB) Trend

• Consolidate • Sell on high

Strategy Resistance Support

• R2 - 715 • R1 - 695 • S1 - 680 • S2 - 665

GUARGUM (FEB) Trend

• Consolidate • Buy on dips

Strategy

CHANA (FEB) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 3390 • R1 - 3300

Support

• S1 - 3230 • S2 - 3160

GUARSEED (FEB) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 42250 • R1 - 41000

Resistance

• R2 - 13100 • R1 - 12720

Support

• S1 - 40250 • S2 - 39500

Support

• S1 - 12400 • S2 - 13900

JEERA (FEB) Trend

Strategy

• Consolidate • Sell on high

MENTHA OIL (FEB) Trend

Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 14800 • R1 - 14400

Resistance

• R2 - 1590 • R1 - 1560

Support

• S1 - 14200 • S2 - 13850

Support

• S1 - 1530 • S2 - 1500

PEPPER (FEB) Trend Strategy

• Consolidate • Sell on high

MUSTARD SEED (APR) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 31300 • R1 - 30600

Resistance

• R2 - 3390 • R1 - 3320

Support

• S1 - 29900 • S2 - 29300

Support

• S1 - 3250 • S2 - 3180

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SOYABEAN (FEB) Trend Strategy

• Consolidate • Sell on high

TURMERIC (MAY) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2540 • R1 - 2480

Resistance

• R2 - 4810 • R1 - 4700

Support

• S1 - 2440 • S2 - 2380

Support

• S1 - 4600 • S2 - 4490

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