Weekly Agricommodity Newsletter 26-11-2012

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    Weekly Newsletter-Agri Commodity26/11/2012

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    Weekly News Letter-AgriContents

    Market Wrap

    Chana

    Jeera

    Pepper

    Turmeric

    Technical Analysis

    Chana

    Jeera

    Pepper

    Turmeric

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    MARKET WRAP

    CHANAChana showed extreme downfall in the weekly trading session after failed

    attempts to advance higher. It ended lower by close to 10%.

    It had moved below its 200DMA last week which indicates weakness. It may

    show further downward movement in near term after some consolidation.

    JEERA

    Jeera continues to remain in consolidation phase since the last few weeks. It

    ended the weekly session with a gain of close to 1% at 14580.

    In the upcoming sessions some upward movement may be seen in the prices as

    there are reports of 10-20% fall in area covered under spice so far this year.

    PEPPERPepper witnessed a sharp decline for the fourth consecutive weekly session

    shedding close to 1300 points following the breakout of crucial level.

    It showed slight recovery towards the end of week which may continue on

    expectation of increase in domestic demand in winter season or may fall further.

    TURMERICTurmeric fell further weak to end lower by close to 4% at 5100, after it failed toinch higher on giving upside channel breakout due to adequate supply.

    It showed slight recovery as farmers refusal to sell at lower rates supported

    prices. Upward movement may be seen if it sustains at major support level.

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    TECHNICAL VIEW

    CHANA

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    CHANA 5968 5442 4916 4584 4390 4059 3864 3338 2812

    OUTLOOK

    Trend: Consolidate

    Resistance: 4575, 5000

    Support: 3950, 3125

    Strategy: Sell On High

    CHANA WEEKLY

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    JEERA

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    JEERA 16520 15890 15260 14920 14630 14290 14000 13370 12740

    OUTLOOK

    Trend: Consolidate

    Resistance: 15570, 16025

    Support: 13980, 12600

    Strategy: Buy On Dips

    JEERA WEEKLY

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    PEPPER

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    PEPPER 47420 44525 41630 39965 38735 37070 35840 32945 30050

    OUTLOOK

    Trend: Consolidate

    Resistance: 40720, 43500

    Support: 35830, 32800

    Strategy: Sell On High

    PEPPER WEEKLY

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    TURMERIC

    WEEKLY PIVOTSCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    TURMERIC 6175 5827 5479 5290 5131 4942 4784 4435 4087

    OUTLOOK

    Trend: Consolidate

    Resistance: 5510, 5875

    Support: 4460, 3920

    Strategy: Sell On High

    TURMERIC WEEKLY

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