Daily Newsletter-Agri Commodity 20/01/2012
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MARKET WRAP Oil and oil seeds rebounds on fresh buying Mentha oil hits upper circuit on fresh buying Chana recovers on short covering
Oil and oil seeds today ended up tracking positive global cues and expected rise in demand as Mustard seed recovered 52 pts while Soya bean advanced 20 pts. Mentha oil hit upper circuit gaining 58.7 pts on the back of fresh buying at lower levels. Chana recovered 1.46% or 46 pts due to short covering. Turmeric ended down 1.83% or 82 pts
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
628.30
636.00
7.70
1.23
CHANA
3,145.00
3,191.00
46.00
1.46
GUARGUM
34,851.00
36,246.00
1,395.00
4.00
GUARSEED
10,528.00
10,950.00
422.00
4.01
JEERA
15,792.00
15,880.00
88.00
0.56
MENTHA OIL
1,468.00
1,526.70
58.70
4.00
PEPPER
31,830.00
32,135.00
305.00
0.96
MUSTARD SEED
3,311.00
3,363.00
52.00
1.57
SOYABEAN
2,469.50
2,490.00
20.50
0.83
TURMERIC
4,472.00
4,390.00
-82.00
-1.83
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TECHNICAL VIEW CARDAMOM (FEB) Trend
• Consolidate • Sell on high
Strategy Resistance Support
• R2 - 660 • R1 - 645 • S1 - 630 • S2 - 610
GUARGUM (FEB) Trend
• Consolidate • Buy on dips
Strategy
CHANA (FEB) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3320 • R1 - 3225
Support
• S1 - 3150 • S2 - 3070
GUARSEED (FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 37900 • R1 - 36600
Resistance
• R2 - 11400 • R1 - 11080
Support
• S1 - 35800 • S2 - 34500
Support
• S1 - 10830 • S2 - 10540
JEERA (FEB) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (JAN) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 16350 • R1 - 16040
Resistance
• R2 - 1570 • R1 - 1540
Support
• S1 - 15730 • S2 - 15400
Support
• S1 - 1510 • S2 - 1480
PEPPER (FEB) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (APR) Trend Strategy
• Consolidate • Consolidate
Resistance
• R2 - 33160 • R1 - 32450
Resistance
• R2 - 3480 • R1 - 3400
Support
• S1 - 31800 • S2 - 31100
Support
• S1 - 3310 • S2 - 3250
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SOYABEAN (FEB) Trend Strategy
• Consolidate • Sell on high
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2560 • R1 - 2510
Resistance
• R2 - 4550 • R1 - 4440
Support
• S1 - 2460 • S2 - 2410
Support
• S1 - 4350 • S2 - 4250
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