Weekly Agricommodity Report

Page 1

Weekly Newsletter-Agri Commodity 16/01/2012

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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 Chana ended this week gaining marginal 0.5% as its upside was trimmed due to profit booking at higher levels and resistance trendline. Chana prices were up due to lower acreage reports from major Chana producing regions and in coming week may continue uptrend though profit booking at higher level may be seen.

GUARSEED Guar seed continued to hit upper circuit this week gaining 26.60% owing to its thin supply despite additional margins charged by regulators (FMC). Guar seed ma y continue its uptrend due to thin supply though there may be some profit booking as regulators have imposed additional 10% cash margin from next week.

JEERA Jeera ended flat this week on positive basis after volatile week as there was fresh buying at lower levels and profit booking at highs. Jeera prices will take cues from its sowing progress in Rajasthan and Gujarat and any news of lower estimated production may support prices to continue uptrend.

PEPPER Pepper ended down due to higher arrivals and subdued demand in domestic and international market posting its second week of losses shredding 3.5% Pepper prices will take cues from its domestic and international production reports and export demand coupled with arrivals in the domestic mandis.

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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA

R4 3929

R3 3771

R2 3613

R1 3536

P 3455

S1 3378

S2 3297

S3 3139

S4 2981

OUTLOOK Trend: - Consolidate Resistance: - 3520, 3640 Support: - 3360, 3250 Strategy: - Sell on high CHANA WEEKLY

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GUARSEED WEEKLY PIVOT SCRIPT GUARSEED

R4 15888

R3 13676

R2 11464

R1 10726

P 9252

S1 8514

S2 7040

S3 4828

S4 2616

OUTLOOK Trend: - Bullish Resistance: - 10726, 13600 Support: - 9250, 7040 Strategy: - Buy on dips GUARSEED WEEKLY

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JEERA WEEKLY PIVOT SCRIPT JEERA

R4 19951

R3 18676

R2 17401

R1 16550

P 16126

S1 15277

S2 14851

S3 13576

S4 12301

OUTLOOK Trend: - Consolidate Resistance: - 16400, 17000 Support: - 15300, 14500 Strategy: - Sell on high JEERA WEEKLY

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PEPPER WEEKLY PIVOT SCRIPT PEPPER

R4 38450

R3 35825

R2 33200

R1 31900

P 30575

S1 29275

S2 27950

S3 25325

S4 22700

OUTLOOK Trend: - Consolidate Resistance: - 33900, 34800 Support: - 30200, 28400 Strategy: - Sell on high PEPPER WEEKLY

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