Weekly Newsletter Newsletter-Agri Agri Commodity 01/08/2011
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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 Demand for Chana usually goes up during Ramadan, a holy Muslim festival beginning in August. Chana futures are likely to trade sideways to up due to expectation of demand from the local buyers amidst reduced arrivals in the domestic market.
TURMERIC Turmeric prices may trade down due to decline in the off takes from the local buyers. Price trend in the short term is 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 Prices in the intraday are likely to sideways owing to lackluster trades at the domestic markets. Any fresh enquires from the local stockists and overseas buyers might control prices from falling sharply. Prices will take cues from the carryover stocks. This season carryover stocks are expected to remain at the lower side owing to lower production.
PEPPER Pepper futures in the intraday are expected to trade sideways to up due to lower arrivals in the domestic mandi. Demand from the domestic buyers ahead of festivals might keep prices supported in the short term. The exports are likely to pick up further and with stockists unwilling to sell at these levels, prices are likely to remain firm. Demand from North India remained moderately good. www.capitalheight.com capitalheight.wordpress.com
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 3505
R3 3376
R2 3247
R1 3204
P 3118
S1 3075
S2 2989
S3 2860
S4 2731
OUTLOOK Trend:- Bullish Resistance:- 3250 3250, 3380 Support:- 3060, 2860 Strategy:- Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 9176
R3 8572
R2 7968
R1 7620
P 7364
S1 7016
S2 6760
S3 6156
S4 5552
OUTLOOK Trend:- Consolidate Resistance:- 7900 7900, 8350 Support:- 6760, 66160 Strategy:- Sell on high TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 20335
R3 18944
R2 17553
R1 16766
P 16162
S1 15375
S2 14771
S3 13380
S4 11989
OUTLOOK Trend:- Consolidate Resistance:- 16400 6400, 17000 Support:- 15400,, 14800 Strategy:- Buy on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 33278
R3 31996
R2 30714
R1 30025
P 29432
S1 28743
S2 28150
S3 26868
S4 25586
OUTLOOK Trend:- Consolidate Resistance:- 30700 30700, 31500 Support:- 28500,, 27200 Strategy:- Buy on dips PEPPER WEEKLY
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