Commodity weekly agri by capital height 30 08-10
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Weekly New 23/08/2010 wsletter-Agri Comm www.capita modity alheight.com
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Transcript of Commodity weekly agri by capital height 30 08-10
Weekly Newsletter23/08/2010
Newsletter-Agri Commodity
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Commodity
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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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Phone- (0731)4295950
MARKET WRAP
CHANA
Demand from the local stockists improved due to lower quotes offered and
commencement of festivals in the coming days will provide support to the
prices in the short term.
Firm sentiments prevailed in all the major mandis amidst regular arrivals and
better offtakes by the local stockists in the early part of the session.
TURMERIC
Fresh speculative buying at lower levels supported the price.
NCDEX accredited warehouses turmeric stocks rose by 130 tn to 4029 tn.
Adequate stocks followed by increased arrivals from the producing belts also
weighed on the prices.
JEERA
Overseas and domestic buyers are following a wait and watch stance and
would place fresh orders once the prices stabilize.
Locally demand is normal but prices are not sustaining at higher levels due to
subdued overseas demand.
PEPPER
Fresh arrivals of Pepper in Indonesia and lower quotes offered in the
international market will pressurize the prices in the domestic market.
Demand from the overseas and domestic buyers is dull which will also
pressurize the prices in the short term.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
CHANA 2537 2458 2379
OUTLOOK
Trend: - Consolidate
Resistance: - 2310, 2370
Support: - 2195, 2135
Strategy: - Buy on dips
ECHNICAL VIEW
CHANA
R2 R1 P S1 S2
2379 2332 2300 2253 2221
Consolidate
2310, 2370
, 2135
Buy on dips
CHANA WEEKLY
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Phone- (0731)4295950
S3 S4
2142 2063
WEEKLY PIVOT
SCRIPT R4 R3
TURMERIC 27627 25302
OUTLOOK
Trend: - Bearish
Resistance:- 14025
Support:- 12375, 11680
Strategy: - Sell on highs
TURMERIC
R2 R1 P S1 S2
22977 22128 20652 19803 18327
14025, 14750
, 11680
Sell on highs
TURMERIC WEEKLY
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Phone- (0731)4295950
S3 S4
16002 13677
WEEKLY PIVOT
SCRIPT R4 R3 R2
JEERA 17035 16312 15589
OUTLOOK
Trend:- Consolidate
Resistance:- 15315, 15780
Support: - 14045, 13700
Strategy:- Buy on dips
JEERA
R2 R1 P S1 S2
15589 15255 14866 14532 14143 13420
Consolidate
15315, 15780
14045, 13700
Buy on dips
JEERA WEEKLY
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Phone- (0731)4295950
S3 S4
13420 12697
WEEKLY PIVOT
SCRIPT R4 R3 R2
PEPPER 27627 25302 22977
OUTLOOK
Trend:- Bullish
Resistance:- 22000,
Support: - 20250, 19400
Strategy:- Buy on dips
PEPPER
R2 R1 P S1 S2
22977 22128 20652 19803 18327
22000, 22128
20250, 19400
Buy on dips
PEPPER WEEKLY
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Phone- (0731)4295950
S3 S4
16002 13677
www.capitalheight.com
Phone- (0731)4295950
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