Daily Newsletter-Agri Commodity 03/11/2011
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MARKET WRAP Guar Gum & seed up on short covering Mentha oil ends down on profit booking Turmeric ended down on fresh selling
Oil & Oil seeds traded flat today with Soybean gaining 0.35% or 7.5 pts and RM Seeds gaining 0.65% or 20 pts due to short covering. Spices traded ended in red today with turmeric ended down 2.06% or 104 pts due to rise in production while Pepper shredded almost 0.50% or 165 pts due to weak demand and overall sluggish demand outlook.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
669.30
651.40
-17.90
-2.67
CHANA
3,397.00
3,404.00
7.00
0.21
GUARGUM
13,699.00
13,854.00
155.00
1.13
GUARSEED
4,436.00
4,535.00
99.00
2.23
JEERA
14,302.00
14,279.00
-23.00
-0.16
MENTHA OIL
1,342.60
1,331.40
-11.20
-0.83
PEPPER
34,235.00
34,070.00
-165.00
-0.48
MUSTARD SEED
3,033.00
3,053.00
20.00
0.66
SOYABEAN
2,166.50
2,174.00
7.50
0.35
TURMERIC
5,030.00
4,926.00
-104.00
-2.07
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TECHNICAL VIEW CARDAMOM (NOV) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 672 • R1 - 658 • S1 - 644 • S2 - 630
Support
GUARGUM (NOV) Trend
• Consolidate • Buy on dips
Strategy
CHANA (NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 3495 • R1 - 3434
Support
• S1 - 3375 • S2 - 3310
GUARSEED (NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14245 • R1 - 13980
Resistance
• R2 - 4670 • R1 - 4580
Support
• S1 - 13725 • S2 - 13465
Support
• S1 - 4490 • S2 - 4400
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (NOV) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14735 • R1 - 14430
Resistance
• R2 - 1370 • R1 - 1345
Support
• S1 - 14130 • S2 - 13835
Support
• S1 - 1318 • S2 - 1292
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 35135 • R1 - 34435
Resistance
• R2 - 3135 • R1 - 3080
Support
• S1 - 33705 • S2 - 33005
Support
• S1 - 3025 • S2 - 2970
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (NOV) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2235 • R1 - 2195
Resistance
• R2 - 5075 • R1 - 4975
Support
• S1 - 2155 • S2 - 2115
Support
• S1 - 4875 • S2 - 4775
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