Weekly Newsletter Newsletter-Agri Commodity 13/09/2010
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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 Chana futures strengthened due to improved buying at lower levels and firm quotes of other pulses in the domestic market. Improved acreage towards other pulses and therefore improved production due to adequate rainfall in the food belt of India will limit the gains.
TURMERIC. Better arrivals at the domestic mandi coupled with lackluster demand are keeping the prices bearish The expected higher production in the current kharif season continued to the hurt the turmeric futures. Stockiest buying is lower as they are expecting some more fall in the prices.
JEERA Dull demand from the overseas and domestic buyers will keep jeera prices range bound with negative bias in the short term Favorable monsoon rains is expected to improve the sowing as well as acreage of cultivation of jeera.
PEPPER Pepper prices will depend on global Black pepper availability and demand from the overseas and domestic market. The Indian pepper prices remained higher in the global market as compared to Brazil and Vietnam.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2314
R3 2275
R2 2236
R1 2215
P 2197
S1 2176
S2 2158
S3 2119
S4 2080
OUTLOOK Trend: - Consolidate Resistance: - 2220, 2300 Support: - 2135, 2090 Strategy: - Sell on highs CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 15181
R3 14231
R2 13281
R1 12941
P 12331
S1 11991
S2 11381
S3 10431
S4 9481
OUTLOOK Trend: - Consolidate Resistance:- 12375, 12940 Support:- 11320, 10275 Strategy: - Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 15214
R3 14749
R2 14284
R1 14063
P 13819
S1 13598
S2 13354
S3 12889
S4 12424
OUTLOOK Trend:- Consolidate Resistance:- 14180, 14760 Support: - 13350, 12715 Strategy:- Sell on highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 23381
R3 22490
R2 21599
R1 21185
P 20708
S1 20294
S2 19817
S3 18296
S4 18035
OUTLOOK Trend:- Consolidate Resistance:- 21600, 22000 Support: - 19800, 18675 Strategy:- Buy on dips PEPPER WEEKLY
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