Weekly Agri Report

Page 1

Weekly Newsletter Newsletter-Agri Agri Commodity 18/07/2011

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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 The current predictions with respect to monsoon and sowing acreage point towards downward projections of Kharif output which may provide support to the prices. Chana futures are likely to trade firm owing to improved demand from local buyers amidst reduced arrivals in the domestic market.

TURMERIC Price trend in the short term are likely to depend on distribution of rainfall in the growing areas and demand for the spice from domestic and overseas buyers. In the medium term turmeric prices will take cues from the turmeric stocks at the domestic market and sowing progress of turmeric.

JEERA Jeera prices in the intraday are likely to trade sideways to up owing to improvement in demand from the domestic and overseas buyers. Prices will also take cues from the carryover stocks of Jeera with India. This season carryover stocks are expected to remain at the lower side owing to lower production. This is likely to support prices.

PEPPER As the pepper prices in the international market of all regions are at same levels there is likelihood that overseas buyers might place fresh orders in the domestic market in the short term. Price will depend on pepper stocks with Vietnam and India along with price quotes offered by Indonesia and Vietnam in the international market.

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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA

R4 3117

R3 3030

R2 2943

R1 2892

P 2856

S1 2805

S2 2769

S3 2682

S4 2595

OUTLOOK Trend:- Bullish Resistance:- 2900 2900, 3030 Support:- 2770, 26 2680 Strategy:- Buy on dips CHANA WEEKLY

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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC

R4 8851

R3 8493

R2 8135

R1 7921

P 7777

S1 7563

S2 7419

S3 7061

S4 6703

OUTLOOK Trend:- Consolidate Resistance:- 8000 000, 8400 Support:- 7400, 7000 Strategy:- Sell on high TURMERIC WEEKLY

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JEERA WEEKLY PIVOT SCRIPT JEERA

R4 17767

R3 16723

R2 15679

R1 15316

P 14635

S1 14272

S2 13591

S3 12547

S4 11503

OUTLOOK Trend:- Consolidate Resistance:- 15500 5500, 16000 Support:- 14500,, 13900 Strategy:- Buy on dips JEERA WEEKLY

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PEPPER WEEKLY PIVOT SCRIPT PEPPER

R4 33278

R3 30367

R2 29456

R1 28431

P 27545

S1 26520

S2 25634

S3 23723

S4 21812

OUTLOOK Trend:- Consolidate Resistance:- 28600 8600, 29550 Support:- 26500,, 25200 Strategy:- Sell on high PEPPER WEEKLY

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