Daily Newsletter-Agri Commodity 21/10/2011
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MARKET WRAP Pepper ended up on short covering & rising export demand Cardamom ended up on fresh buying Mentha oil ended up on lower production estimates Chana edges up, hits upper circuit on fresh buying
Pepper ended up 3% or 1055 pts due to fresh buying amid festive demand and low stock availability. In oil and oil seeds, RM seed ended up 2% or gaining 59 pts due to lower arrival and better demand outlook. In pulses, Chana ended up 4% gaining 124 pts on the back of fresh buying at lower levels as well as better demand outlook.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
697.50
708.60
11.10
1.59
CHANA
3,088.00
3,212.00
124.00
4.00
GUARGUM
12,826.00
12,920.00
94.00
0.73
GUARSEED
4,289.00
4,300.00
11.00
0.26
JEERA
14,768.00
14,841.00
73.00
0.49
MENTHA OIL
1,281.70
1,322.50
40.80
3.18
PEPPER
35,160.00
36,215.00
1,055.00
3.00
MUSTARD SEED
2,887.00
2,946.00
59.00
2.04
SOYABEAN
2,173.00
2,154.00
-19.00
-0.87
TURMERIC
4,994.00
5,180.00
186.00
3.72
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TECHNICAL VIEW CARDAMOM (OCT) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 729 • R1 - 715 • S1 - 701 • S2 - 688
Support
GUARGUM (NOV) Trend
• Consolidate • Sell on high
Strategy
CHANA (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3300 • R1 - 3240
Support
• S1 - 3180 • S2 - 3120
GUARSEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13310 • R1 - 13050
Resistance
• R2 - 4435 • R1 - 4345
Support
• S1 - 12800 • S2 - 12530
Support
• S1 - 4255 • S2 - 4165
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (OCT) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 15300 • R1 - 14990
Resistance
• R2 - 1362 • R1 - 1335
Support
• S1 - 14690 • S2 - 14400
Support
• S1 - 1309 • S2 - 1284
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 37280 • R1 - 36580
Resistance
• R2 - 3025 • R1 - 2975
Support
• S1 - 35850 • S2 - 35150
Support
• S1 - 2920 • S2 - 2865
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2210 • R1 - 2175
Resistance
• R2 - 5325 • R1 - 5230
Support
• S1 - 2130 • S2 - 2095
Support
• S1 - 5130 • S2 - 5025
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