Weekly Newsletter Newsletter-Agri Agri Commodity 03/01/2011
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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 The Pulses production is likely to rise and this could keep short term pressure on Chana rates till its harvesting gets over. Buyers especially the millers adopted wait and watch policy on expectation of new arrivals of Chana from next month onwards.
TURMERIC The depleting stocks & a fall in expected production could provide support to the prices. Exports & domestic demand is expected to rise tremendously. Wet weather condition in the growing places had disrupted the harvesting process where arrivals usually start from January onwards.
JEERA There could be some short term correction in prices but depending on the production reports and the export & domestic demand which are expected to raise, an overall Bullish trend can be expected. Rs 12500/Q would be a strong support in the Futures market and a break above 16000 can take the rates up till Rs 18000/Q.
PEPPER With expectations of a fall in domestic and International production, one can witness a Bullish trend. Overseas market activities were limited due to holiday; however more participation is expected only from the second week of January.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2745
R3 2679
R2 2613
R1 2586
P 2547
S1 2520
S2 2481
S3 2415
S4 2349
OUTLOOK Trend:- Consolidate Resistance:- 2600 600, 2650 Support:- 2490, 2450 Strategy:- Buy on Dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT R4 TURMERIC 13030
R3 12180
R2 11330
R1 10800
P 10480
S1 9950
S2 9630
S3 8780
S4 7930
OUTLOOK Trend:- Consolidate Resistance:- 11700 700, 12300 Support:- 10000,, 9200 Strategy:- Sell on Highs TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 16875
R3 16112
R2 15349
R1 14907
P 14586
S1 14144
S2 13823
S3 13060
S4 12297
OUTLOOK Trend:- Consolidate Resistance:- 15060 5060, 15550 Support:- 13800,, 13350 Strategy:- Sell on Highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 25158
R3 24385
R2 23612
R1 23275
P 22839
S1 22502
S2 22066
S3 21293
S4 20520
OUTLOOK Trend:- Consolidate Resistance:- 23600 23600, 24385 Support:- 21700,, 20860 Strategy:- Buy on D Dips PEPPER WEEKLY
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