Daily Newsletter-Agri Commodity 31/10/2011
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MARKET WRAP Guar gum and seed extends uptrend Spices trades mixed, pepper declines Chana ends up on short covering
Spices traded mixed today with Turmeric and Jeera ending in green due to profit booking while Pepper declined for 2nd consecutive day shredding 1.19% or 410 pts. In pluses, Chana ended up due to fresh buying and short covering on expected rise in demand. Mentha oil extended the uptrend for 3rd consecutive day, up 13 pts or 1.0%.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
677.70
678.50
0.80
0.12
CHANA
3,407.00
3,427.00
20.00
0.59
GUARGUM
13,765.00
14,125.00
360.00
2.62
GUARSEED
4,458.00
4,546.00
88.00
1.97
JEERA
14,532.00
14,565.00
33.00
0.23
MENTHA OIL
1,284.40
1,298.90
14.50
1.13
PEPPER
34,260.00
33,850.00
-410.00
-1.20
MUSTARD SEED
3,054.00
3,075.00
21.00
0.69
SOYABEAN
2,213.50
2,204.00
-9.50
-0.43
TURMERIC
4,982.00
5,040.00
58.00
1.16
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TECHNICAL VIEW CARDAMOM (NOV) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 700 • R1 - 686 • S1 - 672 • S2 - 658
Support
GUARGUM (NOV) Trend Strategy
• Consolidate • Buy on dips
CHANA (NOV) Trend Strategy
• Consolidate •Buy on Dips
Resistance
• R2 - 3517 • R1 - 3457
Support
• S1 - 3397 • S2 - 3337
GUARSEED (NOV) Trend Strategy
• Consolidate •Buy on dips
Resistance
• R2 - 14515 • R1 - 14255
Resistance
• R2 - 4681 • R1 - 4591
Support
• S1 - 13995 • S2 - 13735
Support
• S1 - 4501 • S2 - 4411
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (NOV) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 15015 • R1 - 14715
Resistance
• R2 - 1338 • R1 - 1312
Support
• S1 - 14415 • S2 - 14115
Support
• S1 - 1286 • S2 - 1260
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 34916 • R1 - 34216
Resistance
• R2 - 3157 • R1 - 3103
Support
• S1 - 33484 • S2 - 32784
Support
• S1 - 3047 • S2 - 2993
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (NOV) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2264 • R1 - 2224
Resistance
• R2 - 5190 • R1 - 5090
Support
• S1 - 2184 • S2 - 2144
Support
• S1 - 4990 • S2 - 4890
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