Daily Newsletter Newsletter-Agri Agri Commodity 28/01/2012 2
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MARKET WRAP Jeera hits lower circuit on sluggish demand Mentha oil & Cardamom extends uptrend Guar gum and seed has shown profit booking
Guar gum and Guar seed ended down today on the back of profit booking losing 1.7% and 4% respectively. Cardamom and Mentha oil rebounds and extends uptrend after last day’s short covering gaining 17 pts and 38 pts respectively. Jeera hits lower circuit due to sluggish demand. Pepper rebounds around 2% on back of fresh buying.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
651.10
668.00
16.90
2.60
CHANA
3,154.00
3,160.00
6.00
0.19
GUARGUM
39,065.00
38,400.00
-665.00
-1.70
GUARSEED
11,972.00
11,494.00
-478.00
-3.99
JEERA
15,828.00
15,195.00
-633.00
-4.00
MENTHA OIL
1,501.00
1,539.00
38.00
2.53
PEPPER
32,065.00
32,690.00
625.00
1.95
MUSTARD SEED
3,385.00
3,339.00
-46.00
-1.36
SOYABEAN
2,543.50
2,504.00
-39.50
-1.55
TURMERIC
4,600.00
4,600.00
0.00
0.00
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TECHNICAL VIEW CARDAMOM (FEB) Trend
• Consolidate • Sell on high
Strategy Resistance Support
• R2 - 689 • R1 - 675 • S1 - 661 • S2 - 647
GUARGUM (FEB) Trend
• Consolidate • Buy on dips
Strategy
CHANA (FEB) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3265 • R1 - 3195
Support
• S1 - 3125 • S2 - 3055
GUARSEED (FEB FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 40000 • R1 - 38800
Resistance
• R2 - 11974 • R1 - 11614
Support
• S1 - 38000 • S2 - 36800
Support
• S1 - 11374 • S2 - 11014
JEERA (FEB) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (JAN JAN) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 15645 • R1 - 15345
Resistance
• R2 - 1578 • R1 - 1552
Support
• S1 - 15045 • S2 - 14740
Support
• S1 - 1526 • S2 - 1500
PEPPER (FEB) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 33720 • R1 - 33020
Resistance
• R2 - 3449 • R1 - 3374
Support
• S1 - 32360 • S2 - 31660
Support
• S1 - 3304 • S2 - 3229
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SOYABEAN (FEB)) Trend Strategy
• Consolidate • Buy on dips
TURMERIC ((MAY MAY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2579 • R1 - 2529
Resistance
• R2 - 4760 • R1 - 4650
Support
• S1 - 2479 • S2 - 2429
Support
• S1 - 4550 • S2 - 4440
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