Weekly Newsletter Newsletter-Agri Commodity 25/10/2010
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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 Demand in the coming days is likely to improve on the grounds of Diwali and the upcoming wedding season. Due to sufficient rainfall in the current season total production of chana is likely to increase.
TURMERIC Festival demand is coming from northern India. Demand is likely to improve further in the coming days ahead of Diwali. NCDEX accredited warehouses turmeric stocks rose 161 tonnes to 4713 tonnes.
JEERA Exporters have held back their buying in anticipation of further fall in prices. Domestic demand has also dried up. Weak exports and expectations of a rise in acreage in the up-coming sowing season resulted in sluggish demand, though poor supplies and diminishing stocks may limit losses.
PEPPER In medium to long term prices will depend on the stocks of pepper with the major suppliers particularly Vietnam and Indonesia. Demand from the domestic market ahead of festivals and winter season will help support prices.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2841
R3 2657
R2 2473
R1 2407
P 2289
S1 2223
S2 2105
S3 1921
S4 1737
OUTLOOK Trend:- Bullish Resistance:- 2420 2420, 2500 Support:- 2310, 2235 Strategy:- Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 23707
R3 20307
R2 16907
R1 14739
P 13507
S1 11339
S2 10107
S3 6707
S4 3307
OUTLOOK Trend:- Bearish Resistance:- 13220 13220, 10980 Support:- 11600,, 10440 Strategy:- Sell on highs TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 15457
R3 14605
R2 13753
R1 13456
P 12901
S1 12604
S2 12049
S3 11197
S4 10345
OUTLOOK Trend:- Consolidate Resistance:- 1351 13510, 13800 Support:- 12600,, 12230 Strategy:- Sell on highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 23841
R3 22300
R2 20759
R1 20245
P 19218
S1 18704
S2 17677
S3 16136
S4 14595
OUTLOOK Trend:- Consolidate Resistance:- 20300 20300, 21200 Support:- 18920,, 18040 Strategy:- Buy on dips PEPPER WEEKLY
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