Weekly Newsletter Newsletter-Agri Agri Commodity 04/07/2011
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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 present wet weather conditions coupled with decline in acreage might lead the farmers to avoid further sowing of pulses this year. In the short term, prices will also takes cues from the sowing progress of Kharif Pulses, which is so far estimated lower and monsoon progress over the major Pulses growing areas.
TURMERIC Price trend in the short term is likely to depend on spread of south west monsoon in the growing areas. If the rainfall is not adequate this is likely to support prices. Traders are expecting demand to increase for turmeric in July-August ahead of Aadi month.
JEERA Jeera prices will depend on the demand from the overseas and domestic buyers & will also take cues from the carryover stocks of Jeera with India. This season carryover stocks are expected to remain at the lower side owing to lower production. This is likely to support prices.
PEPPER Overall trend is likely to remain weak on back of sluggish activity in spot market which might weigh on sentiments. In the short term domestic prices will depend on the arrivals in the mandis and also price quotes offered in the international market of the major origins particularly Vietnam and Indonesia.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 3173
R3 3048
R2 2923
R1 2877
P 2798
S1 2752
S2 2673
S3 2548
S4 2423
OUTLOOK Trend:- Bullish Resistance:- 2930 2930, 3050 Support:- 2750, 2675 Strategy:- Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 9313
R3 8791
R2 8269
R1 8045
P 7747
S1 7523
S2 7225
S3 6703
S4 6181
OUTLOOK Trend:- Consolidate Resistance:- 8270, 270, 8790 Support:- 7520, 7220 Strategy:- Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 18482
R3 17276
R2 16070
R1 15639
P 14864
S1 14433
S2 13658
S3 12452
S4 11246
OUTLOOK Trend:- Consolidate Resistance:- 15600 15600, 15900 Support:- 14900,, 14250 Strategy:- Buy on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 30040
R3 29115
R2 28190
R1 27704
P 27265
S1 26779
S2 26340
S3 25415
S4 24490
OUTLOOK Trend:- Consolidate Resistance:- 28500 500, 29600 Support:- 26300,, 25200 Strategy:- Sell on high PEPPER WEEKLY
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