Weekly Newsletter Newsletter-Agri Agri Commodity 22/08/2011
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Weekly News Letter-Agri Contents Market Wrap Chana Jeera Pepper Turmeric Technical Analysis Chana Turmeric Jeera Pepper
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MARKET WRAP CHANA Arrivals in the benchmark spot markets are likely to remain low & high demand for upcoming festive season will support the prices to trade higher Chana futures are expected to retain its positive as buying by retailers and millers might support the rise in prices.
JEERA Jeera futures are forecast to sideways to positive trend on fresh buying as due to supply crunch and expectation of demand rise on coming festivals Jeera prices will depend on the demand from the overseas & domestic buyers. Prices will also take cues from the main producing regions.
PEPPER The pepper futures are forecast to continue the positive trend on fresh buying at lower levels. Also, export demand from overseas market can make price rise sharply. Lower stocks available across the spot markets might support the prices and reports of lower pepper production in Brazil and Indonesia will support the prices.
TURMERIC Due to steep fall in prices growers are also becoming reluctant in further selling of their produce. However, weak domestic and export demand amid huge stocks is likely to limit the gains. Turmeric futures are expected to trade very sluggish with negative bias in coming week in absence of fresh market cues from spot market.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 3600
R3 3422
R2 3244
R1 3182
P 3066
S1 3004
S2 2888
S3 2710
S4 2532
OUTLOOK Trend:- Bullish Resistance:- 32400, 3422 Support:- 3000, 22890 Strategy:- Buy on dips CHANA WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 18942
R3 17803
R2 16664
R1 16249
P 15525
S1 15110
S2 14386
S3 13247
S4 12108
OUTLOOK Trend:- Consolidate Resistance:- 16500 16500, 17100 Support:- 15400, 15000 Strategy:- Buy on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 39725
R3 37023
R2 34321
R1 33341
P 31619
S1 30639
S2 28917
S3 26215
S4 23513
OUTLOOK Trend:- Bullish Resistance:- 34320 4320, 37000 Support:- 31500,, 30400 Strategy:- Buy on dips PEPPER WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 7310
R3 6920
R2 6530
R1 6340
P 6140
S1 5950
S2 5750
S3 5360
S4 4970
OUTLOOK Trend:- Bearish 340, 6530 Resistance:- 6340 Support:- 5950, 5750 Strategy:- Sell on high TURMERIC WEEKLY
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