Daily Newsletter-Agri Commodity 29/10/2011
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MARKET WRAP Cardamom ends down on arrival pressure Guar gum & Guar seed up on strong demand Pepper weakens on fresh selling
In spices, Turmeric ended down 2.15% or 110 pts due to fresh selling on higher level. In oil and oil seeds soybeans ended down 1.82% or 41 pts followed by RM seed shredding 1.09% or 34 pts due to ample supply and poor demand . In pluses space, Chana ended down 2.12% or 74 pts due to fresh selling & profit booking on higher level.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
695.80
677.50
-18.30
-2.63
CHANA
3,477.00
3,403.00
-74.00
-2.13
GUARGUM
13,473.00
13,779.00
306.00
2.27
GUARSEED
4,212.00
4,461.00
249.00
5.91
JEERA
14,779.00
14,569.00
-210.00
-1.42
MENTHA OIL
1,271.50
1,282.60
11.10
0.87
PEPPER
34,510.00
34,210.00
-300.00
-0.87
MUSTARD SEED
3,092.00
3,058.00
-34.00
-1.10
SOYABEAN
2,250.00
2,209.50
-40.50
-1.80
TURMERIC
5,096.00
4,986.00
-110.00
-2.16
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TECHNICAL VIEW CARDAMOM (NOV) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 699 • R1 - 685 • S1 - 671 • S2 - 657
Support
GUARGUM (NOV) Trend
• Consolidate • Sell on high
Strategy
CHANA (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3495 • R1 - 3435
Support
• S1 - 3375 • S2 - 3315
GUARSEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14170 • R1 - 13910
Resistance
• R2 - 4595 • R1 - 4506
Support
• S1 - 13650 • S2 - 13390
Support
• S1 - 4415 • S2 - 4325
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (NOV) Trend
Strategy
• Consolidate • Sell on high
Resistance
• R2 - 15020 • R1 - 14720
Resistance
• R2 - 1320 • R1 - 1295
Support
• S1 - 14420 • S2 - 14120
Support
• S1 - 1270 • S2 - 1245
PEPPER (NOV) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (NOV) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 35275 • R1 - 34575
Resistance
• R2 - 3140 • R1 - 3085
Support
• S1 - 33845 • S2 - 33145
Support
• S1 - 3030 • S2 - 2975
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (NOV) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2270 • R1 - 2230
Resistance
• R2 - 5135 • R1 - 5035
Support
• S1 - 2190 • S2 - 2150
Support
• S1 - 4935 • S2 - 4835
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