Daily Newsletter-Agri Commodity 16/01/2012
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MARKET WRAP Cardamom rebounds on short covering Jeera ends marginally up on short covering Oil and oil seed down on negative global cues
Cardamom ended up marginally due to short covering at lower levels though its demand in near term is subdued. Jeera ended up gaining trivial 40 pts on the back of short covering while Pepper and Turmeric ended down marginally owing to fresh selling on concerns over there demand in near term. Mentha oil ended flat on negative bias.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
585.30
590.00
4.70
0.80
CHANA
3,473.00
3,460.00
-13.00
-0.37
GUARGUM
31,783.00
33,055.00
1,272.00
4.00
GUARSEED
9,604.00
9,989.00
385.00
4.01
JEERA
15,685.00
15,725.00
40.00
0.26
MENTHA OIL
1,489.90
1,489.80
-0.10
-0.01
PEPPER
30,700.00
30,615.00
-85.00
-0.28
MUSTARD SEED
3,765.00
3,752.00
-13.00
-0.35
SOYABEAN
2,510.50
2,486.00
-24.50
-0.98
TURMERIC
4,664.00
4,654.00
-10.00
-0.21
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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 610 • R1 - 597 • S1 - 582 • S2 - 570
Support
GUARGUM (JAN) Trend
• Bullish • Buy on dips
Strategy
CHANA (JAN) Trend Strategy Resistance
• R2 - 3590 • R1 - 3510
Support
• S1 - 3440 • S2 - 3370
GUARSEED (JAN) Trend Strategy
Resistance
• R2 - 34500 • R1 - 33350
Resistance
Support
• S1 - 32755 • S2 - 31850
Support
JEERA (JAN) Trend Strategy
• Consolidate • Sell on high
• Consolidate • Sell on high
• Bullish • Buy on dips • R2 - 10300 • R1 - 10100 • S1 - 9890 • S2 - 9680
MENTHA OIL (JAN) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 16170 • R1 - 15870
Resistance
• R2 - 1530 • R1 - 1500
Support
• S1 - 15570 • S2 - 15270
Support
• S1 - 1470 • S2 - 1440
PEPPER (JAN) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (JAN) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 31700 • R1 - 30950
Resistance
• R2 - 3860 • R1 - 3790
Support
• S1 - 30300 • S2 - 29600
Support
• S1 - 3720 • S2 - 3650
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SOYABEAN (JAN) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (APR) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2560 • R1 - 2520
Resistance
• R2 - 4780 • R1 - 4680
Support
• S1 - 2460 • S2 - 2410
Support
• S1 - 4590 • S2 - 4490
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