Weekly Newsletter Newsletter-Agri Agri Commodity 20/06/2011
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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 production and exports in Australia is likely to increase by 2 per cent which might have a negative impact over the Indian market sentiments. The sowing progress of Kharif pulses has been good is likely to get stimulus due to rise in MSP by more than 10 per cent this year.
TURMERIC Reduced arrivals across the spot markets are likely to support the prices. Due to steep fall in prices growers are also becoming reluctant in further selling of their produce. Though demand is also subdued from stockiest still lower level buying in small amount from Spices companies might support the prices in near term.
JEERA Jeera futures are expected to continue the bearish trend in coming week on poor domestic demand. Lack of active buying at spot market is likely to pull down the prices. Jeera futures are expected to continue the bearish trend in coming week on poor domestic demand. Lack of active buying at spot market is likely to pull down the prices.
PEPPER Pepper futures are projected to continue the uptrend on emergence of fresh buying at lower levels in coming week. Lower stocks available across the spot markets might also support the prices. Reports of decline in production estimates of Indonesia and Brazil might support the prices. According to sources, Lampong ASTA production is expected to decline by 10% this year. www.capitalheight.com capitalheight.wordpress.com
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2812
R3 2751
R2 2690
R1 2666
P 2629
S1 2605
S2 2568
S3 2507
S4 2446
OUTLOOK Trend:- Consolidate Resistance:- 2670 670, 2750 Support:- 2610, 2505 Strategy:- Buy on dips CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 8077
R3 7829
R2 7581
R1 7487
P 7333
S1 7239
S2 7085
S3 6837
S4 6589
OUTLOOK Trend:- Consolidate Resistance:- 7490 7490, 7830 Support:- 7240, 6840 Strategy:- Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 16239
R3 15506
R2 14773
R1 14347
P 14040
S1 13614
S2 13307
S3 12574
S4 11841
OUTLOOK Trend:- Bearish Resistance:- 14350 14350, 15500 Support:- 13600,, 12570 Strategy:- Sell on high JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 34734
R3 32954
R2 31174
R1 30137
P 29394
S1 28357
S2 27614
S3 25834
S4 24054
OUTLOOK Trend:- Consolidate Resistance:- 30150 30150, 31200 Support:- 28360,, 27600 Strategy:- Sell on high PEPPER WEEKLY
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