Daily Newsletter-Agri Commodity 07/04/2012
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MARKET WRAP Spot demand declines in Cardamom, prices down by 3.5 %. Jeera prices recovered 3.5% on short recovering. Turmeric extended its down trend, prices go below 3900 level.
Mentha oil prices recovered 2.1% on short recovering. Chana traded in a sideways trend, closed at 3585. Pepper continued its down trend, prices may go below 37000. Soya bean consolidate in a range of 3070-3100, profit booking is expected in the next trading session. RM Seed has shown mixed trend, closed near resistance of 3900.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,099.00
1,057.00
-42.00
-3.82
CHANA
3,565.00
3,585.00
20.00
0.56
GUR
1,154.00
1,161.00
7.00
0.61
JEERA
11,935.00
12,400.00
465.00
3.90
MENTHA OIL
2,408.60
2,459.20
50.60
2.10
PEPPER
38,150.00
37,650.00
-500.00
-1.31
POTATO
1,015.10
998.40
-16.70
-1.65
RM SEED
3,867.00
3,894.00
27.00
0.70
SOYABEAN
3,076.00
3,083.00
7.00
0.23
TURMERIC
3,962.00
3,850.00
-112.00
-2.83
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TECHNICAL VIEW CARDAMOM (APR) Trend
•Consolidate • Sell on highs
Strategy Resistance Support
• R2 - 1078 • R1 - 1064 • S1 - 1050 • S2 - 1036
CHANA (APR) Trend Strategy Resistance
• R2 - 3690 • R1 - 3620
Support
• S1 - 3550 • S2 -3480
GUR (APR) Trend
• Consolidate • Buy on dips
Strategy
POTATO (APR) Trend Strategy
Resistance
• R2 - 1182 • R1 - 1168
Resistance
Support
• S1 - 1154 • S2 - 1140
Support
JEERA (APR) Trend
Strategy
• Consolidate • Buy on dips
• Consolidate • Buy on dips
• Consolidate • Sell on highs • R2 - 1019 • R1 - 1005 • S1 - 991 • S2 - 977
MENTHA OIL (APR) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 12850 • R1 - 12550
Resistance
• R2 - 2498 • R1 - 2472
Support
• S1 - 12250 • S2 - 11950
Support
• S1 - 2446 • S2 - 2420
PEPPER (APR) Trend Strategy
• Consolidate • Sell on highs
RM SEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 38680 • R1 - 37980
Resistance
• R2 - 4004 • R1 - 3929
Support
• S1 - 37320 • S2 - 36620
Support
• S1 - 3859 • S2 - 3784
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SOYABEAN (APR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 3158 •R1 - 3108
Resistance
• R2 - 4000 • R1 - 3900
Support
• S1 - 3058 • S2 - 3008
Support
• S1 - 3800 • S2 - 3700
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