Daily Newsletter-Agri Commodity 18/10/2011
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MARKET WRAP Chana up on short covering amid better demand during festive season. Turmeric ended down on the back of fresh selling at higher levels. Guar gum and guar ends down on fresh selling due to fresh arrivals.
In pulses, Chana ended up 3.4% or 100 pts due to fresh buying at lower levels amid better demand outlook due to ongoing festive season. Spices were in red with Turmeric ending down on 4% lower circuit followed by pepper losing 0.60%. Guar seed ended down almost 2% or 78 pts due to low export demand and
Guar gum losing 28 pts.
COMMODITY
P. CLOSE
LAST CLOSE
NET CHANGE
% CHANGE
CARDAMOM
732.50
715.2
-17.30
-2.36
CHANA
2,977.00
3077
100.00
3.36
GUARGUM
13094.00
13065
-29.00
-0.22
GUARSEED
4,602.00
4524
-78.00
-1.69
JEERA
14,716.00
14797
81.00
0.55
MENTHA OIL
1,326.70
1341
14.30
1.08
PEPPER
36,840.00
36625
-215.00
-0.58
MUSTARD SEED
2,809.00
2824
15.00
0.53
SOYABEAN
2,183.00
2170.5
-12.50
-0.57
TURMERIC
5,222.00
5016
-206.00
-3.94
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TECHNICAL VIEW CARDAMOM (OCT) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 696 • R1 - 682 • S1 - 668 • S2 - 654
Support
GUARGUM (NOV) Trend
• Consolidate • Sell on high
Strategy
CHANA (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3080 • R1 - 3020
Support
• S1 - 2960 • S2 - 2900
GUARSEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13360 • R1 - 13150
Resistance
• R2 - 4740 • R1 - 4650
Support
• S1 - 12845 • S2 - 12585
Support
• S1 - 4560 • S2 - 4470
JEERA (NOV) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (OCT) Trend
Strategy
• Bullish • Buy on dips
Resistance
• R2 - 14150 • R1 - 14900
Resistance
• R2 - 1370 • R1 - 1344
Support
• S1 - 14650 • S2 - 13400
Support
• S1 - 1318 • S2 - 1292
PEPPER (NOV) Trend Strategy
• Consolidate • Buy on dips
MUSTARD SEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 37400 • R1 - 36950
Resistance
• R2 - 2895 • R1 - 2840
Support
• S1 - 36100 • S2 - 35500
Support
• S1 - 2770 • S2 - 2715
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SOYABEAN (NOV) Trend Strategy
• Consolidate • Sell on high
TURMERIC (OCT) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2240 • R1 - 2200
Resistance
• R2 - 5405 • R1 - 5310
Support
• S1 - 2140 • S2 - 2110
Support
• S1 - 5205 • S2 - 5110
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