NCDEX Tips by CapitalHeight

Weekly Newsletter04/07/2011

Weekly Newsletter-Agri Commodity

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Agri 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 The present wet weather conditions coupled with decline in acreage might

lead the farmers to avoid further sowing of pulses this year.

In the short term, prices will also takes cues from the sowing progress of

Kharif Pulses, which is so far estimated lower and monsoon progress over the

major Pulses growing areas.

TURMERIC

Price trend in the short term is likely to depend on spread of south west

monsoon in the growing areas. If the rainfall is not adequate this is likely to

support prices.

Traders are expecting demand to increase for turmeric in July-August ahead

of Aadi month.

JEERA

Jeera prices will depend on the demand from the overseas and domestic

buyers & will also take cues from the carryover stocks of Jeera with India.

This season carryover stocks are expected to remain at the lower side owing

to lower production. This is likely to support prices.

PEPPER

Overall trend is likely to remain weak on back of sluggish activity in spot

market which might weigh on sentiments.

In the short term domestic prices will depend on the arrivals in the mandis

and also price quotes offered in the international market of the major origins

particularly Vietnam and Indonesia.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 3173 3048 2923

OUTLOOK

Trend:- Bullish

Resistance:- 2930

Support:- 2750, 2675

Strategy:- Buy on dips

capi

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

2923 2877 2798 2752 2673

2930, 3050

2675

Buy on dips

CHANA WEEKLY



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Phone- (0731)4295950

S3 S4

2548 2423

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 9313 8791

OUTLOOK

Trend:- Consolidate

Resistance:- 8270, 8790

Support:- 7520, 7220


capi

TURMERIC

R2 R1 P S1 S2

8269 8045 7747 7523 7225

Consolidate

270, 8790

7220

Buy on dips

TURMERIC WEEKLY



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Phone- (0731)4295950

S3 S4

6703 6181

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 18482 17276 16070

OUTLOOK

Trend:- Consolidate

Resistance:- 15600

Support:- 14900,


capi

JEERA

R2 R1 P S1 S2

16070 15639 14864 14433 13658

Consolidate

15600, 15900

, 14250

Buy on dips

JEERA WEEKLY



[email protected]

Phone- (0731)4295950

S3 S4

12452 11246

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 30040 29115 28190

OUTLOOK

Trend:- Consolidate

Resistance:- 28500

Support:- 26300,

Strategy:- Sell on high

capi

PEPPER

R2 R1 P S1 S2

28190 27704 27265 26779 26340

Consolidate

500, 29600

, 25200

Sell on high

PEPPER WEEKLY



[email protected]

Phone- (0731)4295950

S3 S4

25415 24490



[email protected]

Phone- (0731)4295950

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