Daily Newsletter-Agri Commodity 09/03/2012
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MARKET WRAP Chana up on fresh buying; up 1.14% Soybean and RM seed extends uptrend Pepper extends uptrend; Jeera tumbles
Chana ended up today on the back of fresh buying adding 41 pts or 1.14% due to concerns of lower arrivals and lower acreage and output. Soybean and RM seed extended their uptrend due to extended buying adding 18 pts or 1.75% and 67 pts or 1.86% respectively. Pepper was up 2.77% or 1160 pts & Jeera down 1.19% or 160 pts.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
962.90
947.00
-15.90
-1.65
CHANA
3,607.00
3,648.00
41.00
1.14
GUARGUM
70,034.00
69,000.00
-1,034.00
-1.48
GUARSEED
22,280.00
22,030.00
-250.00
-1.12
JEERA
13,465.00
13,305.00
-160.00
-1.19
MENTHA OIL
2,372.20
2,467.10
94.90
4.00
PEPPER
41,810.00
42,970.00
1,160.00
2.77
MUSTARD SEED
3,611.00
3,678.00
67.00
1.86
SOYABEAN
2,746.00
2,794.00
48.00
1.75
TURMERIC
4,552.00
4,588.00
36.00
0.79
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TECHNICAL VIEW CARDAMOM (MAR) Trend
• Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 980 • R1 - 960 • S1 - 940 • S2 - 915
CHANA (MAR) Trend Strategy Resistance
• R2 - 3760 • R1 - 3690
Support
• S1 - 3600 • S2 - 3530
GUARGUM (MAR) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Buy on dips
GUARSEED (MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 72400 • R1 - 70300
Resistance
• R2 - 22900 • R1 - 22300
Support
• S1 - 69100 • S2 - 65800
Support
• S1 - 21800 • S2 - 21200
JEERA (MAR) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (MAR) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 13900 • R1 - 13500
Resistance
• R2 - 2560 • R1 - 2490
Support
• S1 - 13200 • S2 - 12900
Support
• S1 - 2440 • S2 - 2360
PEPPER (MAR) Trend Strategy
• Consolidate • Buy on dips
MUSTARD SEED (APR) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 44200 • R1 - 43300
Resistance
• R2 - 3790 • R1 - 3710
Support
• S1 - 42600 • S2 - 41900
Support
• S1 - 3640 • S2 - 3560
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SOYABEAN (MAR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2870 • R1 - 2820
Resistance
• R2 - 4740 • R1 - 4640
Support
• S1 - 2760 • S2 - 2720
Support
• S1 - 4520 • S2 - 4400
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