Daily Newsletter-Agri Commodity 31/12/2011
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MARKET WRAP Guar gum and seed ends down on lower circuit Pepper and Jeera ended up gaining almost 1% Oil and oil seeds edges, mustard seed edges up
Guar gum and Seed ends down in red on lower circuit due to profit booking at high levels as its trend is cautious and is overdue for a correction. In Spices space, Jeera and Pepper edged up 155 pts and 310 pts respectively while Turmeric ended down due to subdued demand shredding 60 pts. Mustard seed edged up again by gaining 27 pts.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
597.10
597.20
0.10
0.02
CHANA
3,296.00
3,286.00
-10.00
-0.30
GUARGUM
24,433.00
23,456.00
-977.00
-4.00
GUARSEED
7,345.00
7,052.00
-293.00
-3.99
JEERA
15,875.00
16,030.00
155.00
0.98
MENTHA OIL
1,313.20
1,319.20
6.00
0.46
PEPPER
32,690.00
33,000.00
310.00
0.95
MUSTARD SEED
3,608.00
3,635.00
27.00
0.75
SOYABEAN
2,481.50
2,475.00
-6.50
-0.26
TURMERIC
4,696.00
4,636.00
-60.00
-1.28
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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 617 • R1 - 603 • S1 - 589 • S2 - 575
Support
GUARGUM (JAN) Trend
• Consolidate • Sell on high
Strategy
CHANA (JAN) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3385 • R1 - 3325
Support
• S1 - 3265 • S2 - 3190
GUARSEED (JAN) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 24020 • R1 - 23650
Resistance
• R2 - 7240 • R1 - 7110
Support
• S1 - 23270 • S2 - 22850
Support
• S1 - 7000 • S2 - 6850
JEERA (JAN) Trend Strategy
• Consolidate • Buy on dips
MENTHA OIL (JAN) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 16450 • R1 - 16160
Resistance
• R2 - 1358 • R1 - 1332
Support
• S1 - 15890 • S2 - 15620
Support
• S1 - 1306 • S2 - 1280
PEPPER (JAN) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (JAN) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 34050 • R1 - 33360
Resistance
• R2 - 3725 • R1 - 3665
Support
• S1 - 32600 • S2 - 31900
Support
• S1 - 3610 • S2 - 3540
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SOYABEAN (JAN) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (APR) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2540 • R1 - 2500
Resistance
• R2 - 4790 • R1 - 4690
Support
• S1 - 2460 • S2 - 2420
Support
• S1 - 4580 • S2 - 4480
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