Daily Newsletter-Agri Commodity 19/10/2011
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MARKET WRAP Pepper slumps on fresh selling & higher arrivals Chana ends down on the back of fresh selling Mentha oil ends down on lower circuit
In oil and Oil seeds, Soybean seed ended down almost 2%; losing 39 pts due to weak export and higher arrivals. Spices ended down losing 0.5 – 4% with Pepper shredding 2.8% or 1020 pts and Jeera 43 pts due to subdued demand. Mentha oil ended down on 4% lower circuit or 54 pts due to subdued demand from pharmaceutical companies.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
718.70
692.00
-26.70
-3.72
CHANA
3,075.00
3004.00
-71.00
-2.31
GUARGUM
13039.00
12870.00
-169.00
-1.30
GUARSEED
4,526.00
4391.00
-135.00
-2.98
JEERA
14,806.00
14763.00
-43.00
-0.29
MENTHA OIL
1,340.80
1287.20
-53.60
-4.00
PEPPER
36,700.00
35680.00
-1,020.00
-2.78
MUSTARD SEED
2,830.00
2829.00
-1.00
-0.04
SOYABEAN
2,175.50
2136.50
-39.00
-1.79
TURMERIC
5,038.00
4974.00
-64.00
-1.27
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TECHNICAL VIEW CARDAMOM (OCT) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 713 • R1 - 699 • S1 - 685 • S2 - 671
Support
GUARGUM (NOV) Trend
• Consolidate • Sell on high
Strategy
CHANA (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3095 • R1 - 3035
Support
• S1 - 2975 • S2 - 2915
GUARSEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13270 • R1 - 13000
Resistance
• R2 - 4525 • R1 - 4435
Support
• S1 - 12750 • S2 - 12470
Support
• S1 - 4345 • S2 - 4255
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (OCT) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 15220 • R1 - 14915
Resistance
• R2 - 1326 • R1 - 1300
Support
• S1 - 14610 • S2 - 14315
Support
• S1 - 1275 • S2 - 1250
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 36750 • R1 - 36050
Resistance
• R2 - 2910 • R1 - 2857
Support
• S1 - 35330 • S2 - 34650
Support
• S1 - 2800 • S2 - 2750
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (OCT) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2195 • R1 - 2155
Resistance
• R2 - 5125 • R1 - 5025
Support
• S1 - 2115 • S2 - 2075
Support
• S1 - 4925 • S2 - 4825
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