Daily Newsletter-Agri Commodity 12/03/2012
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MARKET WRAP Mentha oil tumbles on profit booking Jeera ends down due to subdued demand Soybean and mustard seed down on profit booking
Jeera ended down shredding 2.73% or 372.5 pts on the back of subdued demand outlook in the market and lack of cues to support prices at lower level. Pepper was down 2.07% due to profit booking shredding 865 pts. Mentha oil tumbled today hitting 4% lower circuit or shredding 94.9 pts owing to profit booking at higher levels.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
916.40
906.30
-10.10
-1.10
CHANA
3,688.00
3,613.00
-75.00
-2.03
GUARGUM
69,462.00
70,050.00
588.00
0.85
GUARSEED
22,299.00
22,251.00
-48.00
-0.22
JEERA
13,640.00
13,267.50
-372.50
-2.73
MENTHA OIL
2,372.90
2,278.00
-94.90
-4.00
PEPPER
41,705.00
40,840.00
-865.00
-2.07
MUSTARD SEED
3,719.00
3,665.00
-54.00
-1.45
SOYABEAN
2,830.50
2,797.00
-33.50
-1.18
TURMERIC
4,638.00
4,466.00
-172.00
-3.71
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TECHNICAL VIEW CARDAMOM (MAR) Trend
• Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 950 • R1 - 930 • S1 - 900 • S2 - 870
CHANA (MAR) Trend Strategy Resistance
• R2 - 3740 • R1 - 3650
Support
• S1 - 3570 • S2 - 3500
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 - 13800 • R1 - 13400
Resistance
• R2 - 2350 • R1 - 2290
Support
• S1 - 13000 • S2 - 12800
Support
• S1 - 2250 • S2 - 2140
PEPPER (MAR) Trend Strategy
• Consolidate • Buy on dips
MUSTARD SEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 41870 • R1 - 41200
Resistance
• R2 - 3790 • R1 - 3700
Support
• S1 - 40500 • S2 - 39800
Support
• S1 - 3630 • S2 - 3550
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SOYABEAN (MAR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2890 • R1 - 2820
Resistance
• R2 - 4620 • R1 - 4500
Support
• S1 - 2760 • S2 - 2710
Support
• S1 - 4410 • S2 - 4300
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