Weekly Newsletter Newsletter-Agri Commodity 20/11/2010
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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 Chana is expected to trade firm due to demand from local stockists and any revival in demand would help find support for the Chana prices. Overall acreage is expected higher due to increased MSP & better soil moisture level. Its trend would depend on the weather & production estimates.
TURMERIC Scarcity of quality turmeric crop available with the stockists will provide support to the turmeric prices. Turmeric price will depend on growth of the sown crop & demand from the domestic and overseas buyers will decide the further trend.
JEERA Jeera prices will also take cues from the price parity of major origins particularly Syria and Turkey in the international market. Jeera prices will depend on the demand from the overseas & domestic buyers and sowing progress in the major Jeera growing areas.
PEPPER Lower global availability and expectation of demand from the overseas buyers in next 7-8 days will support pepper prices from falling sharply. Prices will also take cues from the price parity of major origins in the international market.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2713
R3 2656
R2 2599
R1 2563
P 2542
S1 2506
S2 2485
S3 2428
S4 2371
OUTLOOK Trend:- Consolidate Resistance:- 2575 2575, 2625 Support:- 2505, 2455 Strategy:- Sell on highs CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 12713
R3 11733
R2 10753
R1 10337
P 9773
S1 9357
S2 8793
S3 7813
S4 6833
OUTLOOK Trend:- Bullish Resistance:- 10200 10200, 10540 Support:- 9780, 9430 Strategy:- Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 15137
R3 14753
R2 14369
R1 14179
P 13985
S1 13795
S2 13601
S3 13217
S4 12833
OUTLOOK Trend:- Consolidate Resistance:- 14170 14170, 14350 Support:- 13800,, 13480 Strategy:- Sell on highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 24015
R3 23383
R2 22751
R1 22433
P 22119
S1 21801
S2 21487
S3 20855
S4 20223
OUTLOOK Trend:- Consolidate Resistance:- 22520 22520, 23130 Support:- 21580,, 20870 Strategy:- Buy on dips PEPPER WEEKLY
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