Daily Newsletter-Agri Commodity 11/06/2012
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MARKET WRAP Jeera declines nearly 1% on fresh arrivals and low spot demand. Mentha Oil hits lower circuit of 4% on profit booking at higher levels. Soya bean prices sheds nearly 1.8% on low soya meal export.
Cardamom prices recovered on profit booking. Chana traded with bearish bias on decrease in domestic demand. Prices may fall to 4050 in the next trading session. Pepper gains nearly half percent on firm demand. Prices will rise above 39750. RM Seed continues its down trend on higher supply; it will remain under selling pressure.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,180.00
1,187.00
7.00
0.59
CHANA
4,146.00
4,133.00
-13.00
-0.31
GUR
1,143.00
1,133.00
-10.00
-0.87
JEERA
13,017.00
12,895.00
-122.00
-0.94
MENTHA OIL
1,436.00
1,380.00
-56.00
-3.90
PEPPER
39,380.00
39,535.00
155.00
0.39
POTATO
1,112.00
1,108.00
-4.00
-0.36
RM SEED
3,757.00
3,702.00
-55.00
-1.46
SOYABEAN
3,401.00
3,340.00
-61.00
-1.79
TURMERIC
3,700.00
3,688.00
-12.00
-0.32
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TECHNICAL VIEW CARDAMOM (JUNE) Trend
•Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 1208 • R1 - 1194 • S1 - 1180 • S2 - 1166
CHANA (JULY) Trend Strategy Resistance
• R2 - 4238 • R1 - 4168
Support
• S1 - 4098 • S2 - 4028
GUR (JULY) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Sell onhigh
POTATO (JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 1154 • R1 - 1140
Resistance
• R2 - 1129 • R1 - 1115
Support
• S1 - 1126 • S2 - 1112
Support
• S1 - 1101 • S2 - 1087
JEERA (JULY) Trend
Strategy
• Consolidate • Buy on dips
MENTHA OIL (JUNE) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 13345 • R1 - 13045
Resistance
• R2 - 1419 • R1 - 1393
Support
• S1 - 12745 • S2 - 12445
Support
• S1 - 1367 • S2 - 1341
PEPPER (JULY) Trend Strategy
• Consolidate • Buy on dips
RM SEED (JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 40565 • R1 - 39865
Resistance
• R2 - 3812 • R1 - 3737
Support
• S1 - 39205 • S2 - 38505
Support
• S1 - 3667 • S2 - 3592
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SOYABEAN (JULY) Trend Strategy
• Consolidate • Sell on high
TURMERIC (JULY) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 3415 •R1 - 3365
Resistance
• R2 - 3838 • R1 - 3738
Support
• S1 - 3315 • S2 - 3265
Support
• S1 - 3638 • S2 - 3538
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