Weekly Newsletter-Agri Commodity 10/10/2011
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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 Chana has ended down for second consecutive week and extended downtrend on the back of fresh selling due to higher arrivals in the market. Prices of Chana will take cues from major producing regions like Rajasthan and Delhi while higher supply will weigh on prices as well.
JEERA Jeera ended this week with trivial losses though recovered nearly 4% on the back of expected rise in demand in the near term amid ongoing festive season. Jeera prices will be dependent on arrivals in the markets and production in major producing regions while domestic and international demand will also be factor to watch in coming week.
PEPPER Pepper ended up this week pairing last week losses on the back of fresh buying at lower level and supply side concerns will keep uptrend firm. Pepper prices in coming week will continue its uptrend due to ongoing festivals while low stocks, lower global production, and rising export demand are also supporting the prices.
TURMERIC Turmeric ended up for second consecutive week hitting upper circuit on the back of fresh buying amid ongoing festivals and expected rise in export demand. Turmeric in coming weeks will take cues from domestic production and arrivals in the market coupled with its export demand in the near future though profit booking will cap upside gains. www.capitalheight.com capitalheight.wordpress.com
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 4017
R3 3692
R2 3367
R1 3183
P 3042
S1 2858
S2 2717
S3 2392
S4 2067
OUTLOOK Trend: - Consolidate Resistance: - 3100, 3250 Support: - 2900, 2750 Strategy: - Sell on high CHANA WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 16853
R3 16073
R2 15293
R1 14957
P 14513
S1 14177
S2 13733
S3 12953
S4 12173
OUTLOOK Trend: - Consolidate Resistance: - 15000, 15500 Support: - 14050, 13400 Strategy: - Sell on high JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 40560
R3 39020
R2 37480
R1 36780
P 35940
S1 35240
S2 34400
S3 32860
S4 31320
OUTLOOK Trend: - Bullish Resistance: - 37200, 39300 Support: - 35100, 32800 Strategy: - Buy on dips PEPPER WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 6687
R3 6137
R2 5587
R1 5403
P 5037
S1 4853
S2 4487
S3 3937
S4 3387
OUTLOOK Trend: - Consolidate Resistance: - 5450, 5600 Support: - 4800, 4650 Strategy: - Buy on dips TURMERIC WEEKLY
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