Daily Newsletter-Agri Commodity 30/03/2012
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MARKET WRAP Jeera prices recovered on low crop estimates, closed above 12000. Soya bean extends its bullish trend, prices up by 1.5 %. Mentha oil hits upper circuit again, likely to follow up trend.
Chana prices down in the early session, but holds support around 3530 level, prices then recovered and closed above 3600. Pepper also down in the first half, broke its support of 40000 but then steeply recovered in the later half of the day. Soya bean oil closed flat looks bullish in the next trading sessions.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
1,157.60
1,142.00
-15.60
-1.35
CHANA
3,626.00
3,612.00
-14.00
-0.39
GUR
1,206.00
1,211.50
5.50
0.46
JEERA
11,945.00
12,110.00
165.00
1.38
MENTHA OIL
2,192.70
2,272.10
79.40
3.62
PEPPER
40,820.00
40,780.00
-40.00
-0.10
POTATO
1,013.60
1,020.40
6.80
0.67
RM SEED
3,808.00
3,844.00
36.00
0.95
SOYABEAN
3,008.50
3,054.00
45.50
1.51
TURMERIC
4,252.00
4,212.00
-40.00
-0.94
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TECHNICAL VIEW CARDAMOM (APR) Trend
•Consolidate • Sell on highs
Strategy Resistance Support
• R2 - 1163 • R1 - 1149 • S1 - 1135 • S2 - 1121
CHANA (APR) Trend Strategy Resistance
• R2 - 3717 • R1 - 3647
Support
• S1 - 3577 • S2 -3507
GUR(APR) Trend
• Consolidate • Buy on dips
Strategy
• Consolidate • Buy on dips
POTATO(APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 1232 • R1 - 1218
Resistance
• R2 - 1041 • R1 - 1027
Support
• S1 - 1204 • S2 - 1190
Support
• S1 - 1013 • S2 - 999
JEERA (APR) Trend
Strategy
• Consolidate • Buy on dips
MENTHA OIL (MAR) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 12560 • R1 - 12260
Resistance
• R2 - 2311 • R1 - 2285
Support
• S1 - 11960 • S2 - 11660
Support
• S1 - 2259 • S2 - 2233
PEPPER (APR) Trend Strategy
• Consolidate • Buy on dips
RM SEED (APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 41810 • R1 - 41110
Resistance
• R2 - 3954 • R1 - 3879
Support
• S1 - 40450 • S2 - 39750
Support
• S1 - 3809 • S2 - 3734
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SOYABEAN (APR) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 3129 •R1 - 3079
Resistance
• R2 - 4362 • R1 - 4262
Support
• S1 - 3029 • S2 - 2979
Support
• S1 - 4162 • S2 - 4062
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