Daily Newsletter-Agri Commodity 22/11/2011
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MARKET WRAP Guar gum & guar seed ends up on fresh buying Mentha oil ends down on profit booking Chana ends down, hits lower circuit
In pulses, Chana ended 3.98% or 143 pts on fresh selling due to arrival pressure. Spices traded flat today, Turmeric ended marginally up followed by Jeera gaining 0.85% or 116 pts on fresh buying and Pepper losing 0.17% or 60 pts on profit booking. Guar seed ended up 3.06% or 137 pts on fresh buying due to better demand outlook.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
656.30
656.70
0.40
0.06
CHANA
3,594.00
3,451.00
-143.00
-3.98
GUARGUM
14,132.00
14,405.00
273.00
1.93
GUARSEED
4,471.00
4,608.00
137.00
3.06
JEERA
13,691.00
13,807.00
116.00
0.85
MENTHA OIL
1,355.60
1,346.00
-9.60
-0.71
PEPPER
34,800.00
34,740.00
-60.00
-0.17
MUSTARD SEED
3,182.00
3,187.00
5.00
0.16
SOYABEAN
2,249.50
2,258.00
8.50
0.38
TURMERIC
4,812.00
4,814.00
2.00
0.04
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TECHNICAL VIEW CARDAMOM (DEC) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 677 • R1 - 663 • S1 - 650 • S2 - 635
Support
GUARGUM (DEC) Trend
• Consolidate • Buy on dips
Strategy
CHANA (DEC) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3540 • R1 - 3480
Support
• S1 - 3420 • S2 - 3360
GUARSEED (DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14790 • R1 - 14535
Resistance
• R2 - 4740 • R1 - 4650
Support
• S1 - 14275 • S2 - 14015
Support
• S1 - 4560 • S2 - 4470
JEERA (DEC) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (DEC) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14255 • R1 - 13960
Resistance
• R2 - 1385 • R1 - 1360
Support
• S1 - 13655 • S2 - 13360
Support
• S1 - 1335 • S2 - 1310
PEPPER (DEC) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (DEC) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 35810 • R1 - 35105
Resistance
• R2 - 3265 • R1 - 3210
Support
• S1 - 34375 • S2 - 33680
Support
• S1 - 3155 • S2 - 3105
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SOYABEAN (DEC) Trend Strategy
• Consolidate • Sell on high
TURMERIC (DEC) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2320 • R1 - 2280
Resistance
• R2 - 4960 • R1 - 4865
Support
• S1 - 2240 • S2 - 2200
Support
• S1 - 4760 • S2 - 4665
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