Daily Newsletter Agricommodity

Page 1

Daily Newsletter-Agri Commodity 05/01/2012

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MARKET WRAP Mustard Seed ends down on profit booking Guar gum and seed up on extended buying Jeera and Turmeric ends marginally up

Spices traded mixed today with Jeera gaining 37 pts as its upside was trimmed due to profit booking while Turmeric ended up adding 28 pts owing to short covering. Mustard seed ended down for 2nd day due to profit booking at higher levels while Soya bean ended down tracking weak cues. Guar Gum and Seed added 2.3% & 1.9% respectively.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

617.30

613.30

-4.00

-0.65

CHANA

3,379.00

3,385.00

6.00

0.18

GUARGUM

24,866.00

25,440.00

574.00

2.31

GUARSEED

7,520.00

7,665.00

145.00

1.93

JEERA

16,693.00

16,730.00

37.00

0.22

MENTHA OIL

1,317.30

1,322.50

5.20

0.39

PEPPER

32,955.00

32,775.00

-180.00

-0.55

MUSTARD SEED

3,758.00

3,730.00

-28.00

-0.75

SOYABEAN

2,628.00

2,577.00

-51.00

-1.94

TURMERIC

4,826.00

4,854.00

28.00

0.58

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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 637 • R1 - 623 • S1 - 609 • S2 - 595

Support

GUARGUM (JAN) Trend

• Consolidate • Buy on dips

Strategy

CHANA (JAN) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 3490 • R1 - 3420

Support

• S1 - 3350 • S2 - 3280

GUARSEED (JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 26160 • R1 - 25680

Resistance

• R2 - 7870 • R1 - 7740

Support

• S1 - 25200 • S2 - 24720

Support

• S1 - 7590 • S2 - 7450

JEERA (JAN) Trend Strategy

• Consolidate • Buy on dips

MENTHA OIL (JAN) Trend

Strategy

• Consolidate • Sell on high

Resistance

• R2 - 17180 • R1 - 16880

Resistance

• R2 - 1362 • R1 - 1336

Support

• S1 - 16580 • S2 - 16280

Support

• S1 - 1310 • S2 - 1285

PEPPER (JAN) Trend Strategy

• Consolidate • Sell on high

MUSTARD SEED (JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 33910 • R1 - 33210

Resistance

• R2 - 3840 • R1 - 3765

Support

• S1 - 32550 • S2 - 31850

Support

• S1 - 3695 • S2 - 3620

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SOYABEAN (JAN) Trend Strategy

• Consolidate • Buy on dips

TURMERIC (APR) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2650 • R1 - 2605

Resistance

• R2 - 5000 • R1 - 4910

Support

• S1 - 2550 • S2 - 2505

Support

• S1 - 4805 • S2 - 4700

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