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Weekly New 18/04/2011 wsletter-Agri Comm www.capit modity talheight.com

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Weekly Newsletter18/04/2011

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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MARKET WRAP

CHANA The effect of the arrival pressure and absence of the buyers across the spot

markets is still intact. The arrivals from the Rajasthan and Madhya Pradesh

regions are also in full swing.

However, Chana prices may recover in the short term as prices generally

bottom out by mid April when arrivals are at its peak.

TURMERIC

Price trend in the short term are likely to depend on the arrivals and demand

from the overseas and domestic buyers.

In the medium to long term turmeric prices may trade bearish due to increase

in the arrivals owing to better production.

JEERA

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

buyers and fresh arrivals in the domestic markets.

Export demand from gulf countries is also very poor which might weigh on

sentiments.

PEPPER

According to derivative analysis, prices are falling while volumes and open

interest all rising. If prices are in a downtrend and open interest is on the rise,

it means new money is coming into the market, showing aggressive new

short selling.

Indian traders are getting fresh export enquiries from global buyers, hence, is

likely to support the price in spot as well as futures market in coming days.

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TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 2568 2486 2404

OUTLOOK

Trend:- Bearish

Resistance:- 2380

Support:- 2260, 2

Strategy:- Sell on highs

capi

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

2404 2354 2322 2272 2240

380, 2435

2185

Sell on highs

CHANA WEEKLY

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2158 2076

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WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 12214 11500

OUTLOOK

Trend:- Consolidate

Resistance:- 10380

Support:- 9230, 8430

Strategy:- Sell on Highs

capi

TURMERIC

R2 R1 P S1 S2

10786 10310 10072 9596 9358

Consolidate

380, 11015

8430

Sell on Highs

TURMERIC WEEKLY

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WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 17595 16975 16355

OUTLOOK

Trend:- Consolidate

Resistance:- 1555

Support:- 14600,

Strategy:- Sell on H

capi

JEERA

R2 R1 P S1 S2

16355 15950 15735 15330 15115

Consolidate

50, 16000

, 13800

Sell on Highs

JEERA WEEKLY

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S3 S4

14495 13875

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WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 29652 28538 27424

OUTLOOK

Trend:- Bullish

Resistance:- 26300

Support:- 25600,

Strategy:- Buy on dips

capi

PEPPER

R2 R1 P S1 S2

27424 26845 26310 25730 25196

6300, 27900

, 24700

Buy on dips

PEPPER WEEKLY

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