Weekly Newsletter Newsletter-Agri Commodity 18/10/2010
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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 Better crop prospects of kariff pulses as well as imports from other major producing countries can improve supply in pulses. Despite the weakness, prices are likely to rise in the short-term due to higher demand during the festivals and upcoming wedding season. NCDEX accredited warehouses chana stocks fell 117 tn to 35456 tn.
TURMERIC Lower ending stocks of turmeric will help prices to find support in the short term if demand revives in the near term ahead of festivals. Turmeric production is expected to be better and is projected at 67-69 lakh bags as compared 48 lakh bags during the previous year.
JEERA There are lower stocks of jeera in the domestic market till the fresh arrivals expected. This will also add to the gains in the short to medium term. Export demand is not encouraging. But any improvement in export demand may push the prices up.
PEPPER Pepper has been volatile due to strong demand outlook for festivities and partly due to some speculation. Export demand may rise as the international market remains skeptical about the falling stocks at key growers like Vietnam & Indonesia.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2537
R3 2458
R2 2379
R1 2350
P 2300
S1 2271
S2 2221
S3 2142
S4 2063
OUTLOOK Trend:- Consolidate Resistance:- 2255, 2305 Support:- 2130, 2090 Strategy:- Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 17679
R3 16829
R2 15979
R1 15629
P 15129
S1 14779
S2 14279
S3 13429
S4 12579
OUTLOOK Trend:- Bullish Resistance:- 15480, 16030 Support:- 14750, 13900 Strategy:- Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 14456
R3 13926
R2 13396
R1 13096
P 12866
S1 12566
S2 12336
S3 11806
S4 11276
OUTLOOK Trend:- Bearish Resistance:- 13170, 13800 Support:- 112510, 12510, 12230 Strategy:- Sell on highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 20109
R3 19517
R2 18925
R1 18625
P 18333
S1 18033
S2 17741
S3 17149
S4 16557
OUTLOOK Trend:- Bearish Resistance:- 18930, 19600 Support:- 17970, 17380 Strategy:- Sell on highs PEPPER WEEKLY
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