Weekly Newsletter Newsletter-Agri Commodity 29/11/2010
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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 The depleting stock level is supportive to the prices. However the progressing sowing activities in the major growing areas are weighing on the market sentiments. Demand is good in the physical market. India has raised minimum support price (MSP) of Chana by 19.3 percent to 2,100 rupees per 100 kg.
TURMERIC Lower stocks of turmeric till the fresh arrivals expected in the month of February will keep the prices firm in the near month contract. Prices will also take cues from the demand from the overseas and domestic buyers which is expected to improve ahead of winter season.
JEERA As per market sources unseasonable rains can delay the sowing process and further delay can lead to other substitute crops like mustard. There are lower stocks of jeera till fresh arrivals expected in the month of February. This will help prices to find support and strengthen.
PEPPER Fundamentals supported the commodity to gain and are likely to push the commodity further upside. Prices will also take cues from the price parity of major origins in the international market. Domestic production is projected to decline marginally in 2011 by 2,000 tonne to 48,000 tonne.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2761
R3 2678
R2 2595
R1 2560
P 2512
S1 2477
S2 2429
S3 2346
S4 2263
OUTLOOK Trend:- Bullish Resistance:- 2585 85, 2670 Support:- 2460, 22400 Strategy:- Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 22238
R3 19816
R2 17394
R1 16572
P 14972
S1 14150
S2 12550
S3 10128
S4 7706
OUTLOOK Trend:- Bullish Resistance:- 16570 16570, 17400 Support:- 14750,, 13600 Strategy:- Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 21977
R3 19407
R2 16837
R1 15563
P 14267
S1 12993
S2 11697
S3 9127
S4 6557
OUTLOOK Trend:- Consolidate Resistance:- 15050 050, 15550 Support:- 13760,, 13375 Strategy:- Sell on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 26073
R3 24693
R2 23313
R1 22552
P 21993
S1 21172
S2 20553
S3 19173
S4 17793
OUTLOOK Trend:- Consolidate Resistance:- 22700 700, 23350 Support:- 20880,, 20000 Strategy:- Sell on highs PEPPER WEEKLY
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