Daily Newsletter-Agri Commodity 14/03/2012
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MARKET WRAP Pepper rebounds on fresh buying Mentha oil down on profit booking Turmeric extends downtrend on selling pressure
Pepper rebounded on the back of fresh buying at lower level as it sizzled up to hit 4% upper circuit adding 1595 pts to end at 41350. Turmeric extended its downtrend for third consecutive day shredding 1.03% or 44 pts due to selling pressure amid subdued demand outlook. Cardamom was in red, down 1.58% or 14.8 pts due to profit booking.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
936.80
922.00
-14.80
-1.58
CHANA
3,581.00
3,593.00
12.00
0.34
GUARGUM
71,970.00
71,760.00
-210.00
-0.29
GUARSEED
22,560.00
22,480.00
-80.00
-0.35
JEERA
12,957.50
12,892.50
-65.00
-0.50
MENTHA OIL
2,304.00
2,211.80
-92.20
-4.00
PEPPER
39,755.00
41,350.00
1,595.00
4.01
MUSTARD SEED
3,626.00
3,670.00
44.00
1.21
SOYABEAN
2,772.50
2,818.00
45.50
1.64
TURMERIC
4,288.00
4,244.00
-44.00
-1.03
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TECHNICAL VIEW CARDAMOM (MAR) Trend
• Consolidate • Buy on dips
Strategy Resistance Support
• R2 - 965 • R1 - 940 • S1 - 885 • S2 - 905
CHANA (MAR) Trend Strategy Resistance
• R2 - 3740 • R1 - 3640
Support
• S1 - 3540 • S2 - 3410
GUARGUM (MAR) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Buy on dips
GUARSEED (MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 74500 • R1 - 72600
Resistance
• R2 - 23400 • R1 - 22800
Support
• S1 - 71370 • S2 - 69500
Support
• S1 - 22400 • S2 - 21700
JEERA (MAR) Trend
Strategy
• Consolidate • Sell on high
MENTHA OIL (MAR) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 13400 • R1 - 13100
Resistance
• R2 - 2290 • R1 - 2240
Support
• S1 - 12700 • S2 - 12500
Support
• S1 - 2190 • S2 - 2110
PEPPER (MAR) Trend Strategy
• Consolidate • Buy on dips
MUSTARD SEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 42400 • R1 - 41700
Resistance
• R2 - 3780 • R1 - 3710
Support
• S1 - 41000 • S2 - 40200
Support
• S1 - 3640 • S2 - 3560
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SOYABEAN (MAR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2890 • R1 - 2840
Resistance
• R2 - 4400 • R1 - 4290
Support
• S1 - 2790 • S2 - 2740
Support
• S1 - 4190 • S2 - 4090
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