Daily Newsletter-Agri Commodity 02/11/2011
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MARKET WRAP RM seeds ends down on profit booking Cardamom climbs on strong demand Jeera ends down with marginal loss
In pulses, Chana ended down 0.61% or 21 pts due to profit booking on higher levels. Spices traded mixed today with turmeric ending in green, up 0.80% or 40 pts while Pepper ended in red shredding trivial 0.04% or 15 pts. Cardamom ended up gaining 1.1% or 8 pts due to short covering and expected rise in demand amid lower arrivals.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
662.40
670.00
7.60
1.15
CHANA
3,428.00
3,407.00
-21.00
-0.61
GUARGUM
13,700.00
13,701.00
1.00
0.01
GUARSEED
4,452.00
4,446.00
-6.00
-0.13
JEERA
14,379.00
14,309.00
-70.00
-0.49
MENTHA OIL
1,328.90
1,345.50
16.60
1.25
PEPPER
34,285.00
34,270.00
-15.00
-0.04
MUSTARD SEED
3,058.00
3,030.00
-28.00
-0.92
SOYABEAN
2,178.50
2,166.00
-12.50
-0.57
TURMERIC
5,010.00
5,050.00
40.00
0.80
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TECHNICAL VIEW CARDAMOM (NOV) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 691 • R1 - 677 • S1 - 663 • S2 - 649
Support
GUARGUM (NOV) Trend
• Consolidate • Buy on dips
Strategy
CHANA (NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 3500 • R1 - 3440
Support
• S1 - 3377 • S2 - 3320
GUARSEED (NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14090 • R1 - 13830
Resistance
• R2 - 4580 • R1 - 4490
Support
• S1 - 13570 • S2 - 13310
Support
• S1 - 4400 • S2 - 4310
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (NOV) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14755 • R1 - 14460
Resistance
• R2 - 1385 • R1 - 1360
Support
• S1 - 14160 • S2 - 13860
Support
• S1 - 1333 • S2 - 1305
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 35340 • R1 - 34635
Resistance
• R2 - 3115 • R1 - 3060
Support
• S1 - 33905 • S2 - 33210
Support
• S1 - 3005 • S2 - 2950
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (NOV) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2225 • R1 - 2185
Resistance
• R2 - 5195 • R1 - 5100
Support
• S1 - 2145 • S2 - 2105
Support
• S1 - 5105 • S2 - 4910
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