Weekly Newsletter Newsletter-Agri Commodity 06/09/2010
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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 from the local stockists improved due to lower quotes offered and commencement of festivals will provide support to the prices. Improved acreage towards other pulses and therefore improved production due to adequate rainfall in the Central India will limit the gains.
TURMERIC. Sluggish domestic as well as overseas demand pressurized the prices. Higher acreage of cultivation is notices in the major growing areas due to higher prices as well as favorable monsoon. Reports of low carry forward stocks too have been providing the uptrend momentum for the commodity and likely to support the prices.
JEERA Jeera prices will depend on the demand from the overseas and domestic buyers and stocks of Jeera with the major producers. Persistent arrivals in the spot market continued to weigh pressure over the Jeera futures.
PEPPER Strong domestic demand from the local traders is also present while farmers are not selling and arrivals in local mandies continued to be lower. Reports of Indian rates being higher than International rates are having an adverse impact on the export front.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2467
R3 2382
R2 2297
R1 2253
P 2212
S1 2168
S2 2127
S3 2042
S4 1957
OUTLOOK Trend: - Consolidate Resistance: - 2165, 165, 2240 Support: - 2135, 2090 Strategy: - Sell on highs CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 16602
R3 15216
R2 13830
R1 13026
P 12444
S1 11640
S2 11058
S3 9672
S4 8286
OUTLOOK Trend: - Bearish Resistance:- 12440, 12935 Support:- 10700, 10275 Strategy: - Sell on highs TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 15510
R3 14855
R2 14200
R1 13926
P 13545
S1 13271
S2 12890
S3 12235
S4 11580
OUTLOOK Trend:- Bearish Resistance:- 14085, 14825 Support: - 13990, 12715 Strategy:- Sell on highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 24874
R3 23310
R2 21746
R1 21083
P 20182
S1 19519
S2 18618
S3 17054
S4 15490
OUTLOOK Trend:- Consolidate Resistance:- 21020 1020, 22000 Support: - 19910, 18675 Strategy:- Buy on dips PEPPER WEEKLY
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