Weekly Newsletter Newsletter-Agri Commodity 13/12/2010
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Weekly News Letter-Agri Contents Market Wrap Chana Turmeric Jeera Pepper Technical Analysis Chana Turmeric Jeera Pepper
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MARKET WRAP CHANA Delay in sowing due to unseasonal rains & re-sowing in some growing areas may support Chana prices to remain firm in the coming weeks. In the short term, price gains may be capped due to rising arrivals of Kharif pulses. Bumper crop projection on higher acreage and favorable weather condition will add bearish sentiment to the market.
TURMERIC Short term trend would remain volatile as traders wait for corrections for buying opportunities. Additional margin of 5% imposed by the exchange on long side has hampered the buying interest in the counter.
JEERA Worldwide limited supply is expected to revive the export demand for jeera. India is quoting competitive rate in the international market. There is better sowing activity at the major growing areas thereby better output is keeping the prices weak.
PEPPER Traders are reportedly waiting for some more dips in the short term but with demand expected to rise at lower levels that could support the rates. Activities in the global markets is expected to be limited in the coming days since most of the exporters and growers take a break during Christmas and New Year period.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2819
R3 2708
R2 2597
R1 2529
P 2486
S1 2418
S2 2375
S3 2264
S4 2153
OUTLOOK Trend:- Consolidate Resistance:- 2510 10, 2570 Support:- 2430, 22370 Strategy:- Sell on highs CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 17356
R3 16514
R2 15672
R1 15136
P 14830
S1 14294
S2 13988
S3 13146
S4 12304
OUTLOOK Trend:- Consolidate Resistance:- 15300 300, 16050 Support:- 14700,, 13050 Strategy:- Sell on highs TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 17273
R3 16161
R2 15049
R1 14347
P 13937
S1 13235
S2 12825
S3 11713
S4 10601
OUTLOOK Trend:- Bearish Resistance:- 14150 50, 14800 Support:- 13225,, 12700 Strategy:- Sell on highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 26520
R3 24995
R2 23470
R1 22528
P 21945
S1 21003
S2 20420
S3 18895
S4 17370
OUTLOOK Trend:- Consolidate Resistance:- 22300 2300, 23000 Support:- 20800,, 19700 Strategy:- Sell on highs PEPPER WEEKLY
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