Weekly Newsletter-Agri Commodity 05/09/2011
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Weekly News Letter-Agri Contents Market Wrap Chana Jeera Pepper Turmeric Technical Analysis Chana Turmeric Jeera Pepper
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MARKET WRAP CHANA Arrivals in the benchmark spot markets are likely to remain low & high demand for upcoming festive season will support the prices to trade higher. Chana futures are expected to continue its positive trend as buying is seen due to ongoing festival demand.
JEERA Jeera exports are expected to be lower due to subdued demand in the international market and sluggish demand outlook from domestic traders. Jeera futures are forecast to sideways to negative trend on fresh selling due to higher arrivals in the market from fresh crop
PEPPER Pepper futures are forecast to extend the positive trend on fresh buying at lower levels. Also, export demand from overseas market can make price rise sharply. Lower stocks available across the spot markets might support the prices and reports of lower pepper production in Brazil and Indonesia will support the prices.
TURMERIC Turmeric prices will take cues from demand from the domestic market and international demand though any news of higher arrival in the market can pressurize the prices on the upside. Turmeric is expected to be range bound in the near term due to buying at lower levels on the back of ongoing festival season.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 3552
R3 3463
R2 3374
R1 3343
P 3285
S1 3254
S2 3196
S3 3107
S4 3018
OUTLOOK Trend:- Bullish Resistance:- 3370, 3520 Support:- 3200, 3080 Strategy:- Buy on dips CHANA WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 17276
R3 16678
R2 16080
R1 15688
P 15482
S1 15090
S2 14884
S3 14286
S4 13688
OUTLOOK Trend:- Consolidate Resistance:- 15900, 16300 Support:- 15000, 14600 Strategy:- Sell on high JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 35857
R3 35007
R2 34157
R1 33763
P 33307
S1 32913
S2 32457
S3 31607
S4 30757
OUTLOOK Trend:- Bullish Resistance:- 34100, 35400 Support:- 31600, 30700 Strategy:- Buy on dips PEPPER WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 6817
R3 6463
R2 6109
R1 5929
P 5755
S1 5575
S2 5401
S3 5047
S4 4693
OUTLOOK Trend:- Bearish Resistance:- 6000, 6180 Support:- 5600, 5400 Strategy:- Sell on high TURMERIC WEEKLY
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