Daily Newsletter-Agri Commodity 02/12/2011
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MARKET WRAP RM seed ended down on production concerns Pepper edges higher on limited stocks Mentha oil declined on profit booking
Guar gum & Guar seed ended down on profit booking on higher level. Cardamom surged on short covering on the back of rising demand. In Pulses, Chana gained on short covering due to firm demand. In Spices, Turmeric ended down on fresh selling due to higher arrival & Jeera declined on weak export due to sluggish demand outlook.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
604.00
608.00
4.00
0.66
CHANA
3,103.00
3,131.00
28.00
0.90
GUARGUM
16,636.00
16,480.00
-156.00
-0.94
GUARSEED
5,311.00
5,208.00
-103.00
-1.94
JEERA
13,452.00
13,405.00
-47.00
-0.35
MENTHA OIL
1,344.50
1,321.00
-23.50
-1.75
PEPPER
35,235.00
35,455.00
220.00
0.62
MUSTARD SEED
3,147.00
3,089.00
-58.00
-1.84
SOYABEAN
2,243.50
2,224.00
-19.50
-0.87
TURMERIC
4,494.00
4,430.00
-64.00
-1.42
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TECHNICAL VIEW CARDAMOM (DEC) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 629 • R1 - 615 • S1 - 601 • S2 - 587
Support
GUARGUM (DEC) Trend
• Bullish • Buy on dips
Strategy
CHANA (DEC) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3220 • R1 - 3160
Support
• S1 - 3100 • S2 - 3040
GUARSEED (DEC) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 16870 • R1 - 16610
Resistance
• R2 - 5340 • R1 - 5255
Support
• S1 - 16350 • S2 - 16090
Support
• S1 - 5165 • S2 - 5075
JEERA (DEC) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (DEC) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13850 • R1 - 13555
Resistance
• R2 - 1360 • R1 - 1335
Support
• S1 - 13250 • S2 - 12955
Support
• S1 - 1308 • S2 - 1280
PEPPER (DEC) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 36525 • R1 - 35820
Resistance
• R2 - 3170 • R1 - 3120
Support
• S1 - 35090 • S2 - 34385
Support
• S1 - 3060 • S2 - 3010
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SOYABEAN (DEC) Trend Strategy
• Consolidate • Sell on high
TURMERIC (DEC) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2285 • R1 - 2245
Resistance
• R2 - 4580 • R1 - 4480
Support
• S1 - 2205 • S2 - 2165
Support
• S1 - 4380 • S2 - 4280
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