Daily Newsletter-Agri Commodity 21/01/2012
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MARKET WRAP Spices ends down on subdued demand outlook Mentha oil settles in red on profit booking Guar gum and Seed advances; trend cautious
Spices ended in red today due to subdued demand outlook in near term with Jeera worst; shredding 81 pts followed by Pepper trimming 220 pts and Turmeric losing 24 pts or 0.54%. Soya bean ended up today on the back of short covering and fresh buying at lower levels adding 14.5 pts or 0.58% while Mustard seed ended down losing 14 pts..
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
634.10
628.20
-5.90
-0.93
CHANA
3,191.00
3,193.00
2.00
0.06
GUARGUM
36,246.00
37,400.00
1,154.00
3.18
GUARSEED
10,950.00
11,258.00
308.00
2.81
JEERA
15,917.00
15,836.00
-81.00
-0.51
MENTHA OIL
1,524.60
1,511.80
-12.80
-0.84
PEPPER
32,120.00
31,900.00
-220.00
-0.68
MUSTARD SEED
3,362.00
3,348.00
-14.00
-0.42
SOYABEAN
2,494.50
2,509.00
14.50
0.58
TURMERIC
4,404.00
4,380.00
-24.00
-0.54
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TECHNICAL VIEW CARDAMOM (FEB) Trend
• Consolidate • Sell on high
Strategy Resistance Support
• R2 - 650 • R1 - 635 • S1 - 620 • S2 - 605
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 - 39000 • R1 - 37700
Resistance
• R2 - 11700 • R1 - 11400
Support
• S1 - 37000 • S2 - 35800
Support
• S1 - 11100 • S2 - 10800
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 • Sell on high
Resistance
• R2 - 33000 • R1 - 32300
Resistance
• R2 - 3480 • R1 - 3400
Support
• S1 - 31500 • S2 - 30800
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 - 2590 • R1 - 2540
Resistance
• R2 - 4550 • R1 - 4440
Support
• S1 - 2480 • S2 - 2420
Support
• S1 - 4350 • S2 - 4250
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