Weekly Newsletter Newsletter-Agri Agri Commodity 30/05/2011
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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 In the domestic markets the prices are finding support from the increasing demand by the millers and the retailers. The shrinking arrivals are supporting the uptrend amidst of the growing demand.. Chana futures are projected to gain further in the coming week. The delayed sowing concerns in Canada and Australia is affecting the market sentiments
TURMERIC Turmeric futures are expected to trade very sluggish with negative bias in coming week in absence of fresh market cues from spot market. According to traders in May demand always remains sluggish due to rise in mercury levels. However, traders are not having much stock to fulfill the orders in coming days which might provoke them for buying at lower levels.
JEERA Jeera is expected to continue the positive trend on fresh buying on previous losses in coming week. Lean season for arrivals has been started which might add positivity in the market. However, production estimation from Syria and Turkey are likely to hit the market by 1st week of June which might limit the sharp gains.
PEPPER Pepper futures are projected to continue the bullish trend on fresh buying supported by prevailing fundamentals. Strong demand for the produce from both local traders and exporters is likely to render support to the market. Prices might take corrections on profit selling at higher levels. Global supply situation has been tightening which might support the prices. According to trade sources, Vietnam exported 50% of their stock so far. www.capitalheight.com capitalheight.wordpress.com
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2677
R3 2625
R2 2573
R1 2541
P 2521
S1 2489
S2 2469
S3 2417
S4 2365
OUTLOOK Trend:- Bullish Resistance:- 2590 2590, 2650 Support:- 2470, 2420 Strategy:- Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 10065
R3 9301
R2 8537
R1 8045
P 7773
S1 7281
S2 7009
S3 6245
S4 5481
OUTLOOK Trend:- Bearish 8000, 8550 Resistance:- 8000 Support:- 7170, 6600 Strategy:- Sell on h highs TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 17816
R3 16748
R2 15680
R1 14968
P 14612
S1 13900
S2 13544
S3 12476
S4 11408
OUTLOOK Trend:- Consolidate Resistance:- 14800 4800, 15500 Support:- 13750,, 13150 Strategy:- Sell on highs JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 35244
R3 33359
R2 31474
R1 30362
P 29589
S1 28477
S2 27704
S3 25819
S4 23934
OUTLOOK Trend:- Consolidate Resistance:- 30000 0000, 30700 Support:- 27850,, 26300 Strategy:- Buy on dips PEPPER WEEKLY
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