Weekly Newsletter Newsletter-Agri Commodity 15/11/2010
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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 Lower stocks levels along with the crop damage due to rains in the south India may support the bearish trend prices. The crop damage of Chana in Australia and Canada is yet to be estimated while it has kept the impact on Indian market intact.
TURMERIC Prices in short term will depend on demand from the domestic and overseas buyers and growth of sown crop. Cyclone in the coastal regions may cause rains in the turmeric growing regions which may damage the sown crop. A strong support for Turmeric is at 11600.
JEERA Delay in sowing operations because of untimely rains in major cultivating regions is limiting the downside of the commodity thus making jeera range bound. In the short term, trend will depend on jeera price parity of various origins in international market.
PEPPER Global pepper production has not been keeping pace with growth in consumption of the commodity offering scope for increasing production. Tight supply position is prevailing in India, Vietnam and lower output is expected from Brazil and Indonesia.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2877
R3 2720
R2 2563
R1 2459
P 2406
S1 2302
S2 2249
S3 2092
S4 1935
OUTLOOK Trend:- Consolidate Resistance:- 2430 2430, 2500 Support:- 2300, 22 2230 Strategy:- Sell ell on highs CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 16158
R3 14900
R2 13642
R1 13006
P 12384
S1 11748
S2 11126
S3 9868
S4 8610
OUTLOOK Trend:- Consolidate Resistance:- 13000 000, 13800 Support:- 11600,, 10250 Strategy:- Sell on highs TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 14638
R3 14200
R2 13762
R1 13539
P 13324
S1 13101
S2 12886
S3 12448
S4 12010
OUTLOOK Trend:- Consolidate Resistance:- 13780 780, 14200 Support:- 12720,, 12280 Strategy:- Buy on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 24828
R3 23713
R2 22598
R1 21897
P 21483
S1 20782
S2 20368
S3 19253
S4 18138
OUTLOOK Trend:- Bullish Resistance:- 2120 1200, 22250 Support:- 20300,, 19400 Strategy:- Buy on dips PEPPER WEEKLY
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