Weekly Newsletter Newsletter-Agri Commodity 27/09/2010
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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 demand turns robust amid weak supply due to heavy rains in north India Chana futures recover towards the end of the week due to value buying at lower levels ahead of the festive season. Short covering also helps Chana recover.
TURMERIC Fundamentally, turmeric remains strong ahead of the festive season as traders expect a good demand soon. The bullishness in turmeric is also supported by increasing volume so we can expect it to remain bullish in short term.
JEERA Higher sowing of Jeera is reported due good rains in major parts of India. Jeera is quoted at a premium as the off take remains high as compared to the reduced supply with a difference of 2000 bags at Unjha mandi.
PEPPER Sluggish overseas demand and continued profit booking weighs heavy on pepper prices during the week. Festive season in India and China likely to spice up the prices in the coming months.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2566
R3 2454
R2 2342
R1 2297
P 2230
S1 2185
S2 2118
S3 2006
S4 1894
OUTLOOK Trend: - Bullish Resistance: - 2270 270, 2380 Support: - 2175, 2130 Strategy: - Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 18865
R3 17033
R2 15201
R1 14567
P 13369
S1 12735
S2 11537
S3 9705
S4 7873
OUTLOOK Trend: - Bullish Resistance:- 13380 3380, 13950 Support:- 12110,, 11260 Strategy: - Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 15948
R3 15194
R2 14440
R1 14145
P 13686
S1 13391
S2 12932
S3 12178
S4 11424
OUTLOOK Trend:- Consolidate Resistance:- 14170, 70, 14 14470 Support: - 13600,, 13 13265 Strategy:- Buy on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 24161
R3 22663
R2 21165
R1 20357
P 19667
S1 18859
S2 18169
S3 16671
S4 15173
OUTLOOK Trend:- Consolidate Resistance:- 20330 20330, 22900 Support: - 19150,, 18675 Strategy:- Sell on highs PEPPER WEEKLY
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