Weekly Newsletter16/08/2011

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

Arrivals in the benchmark spot markets are likely to remain low & high

demand for upcoming festive season will support the prices to trade higher

Chana futures are expected to retain its positive as buying by retailers and

millers might support the rise in prices.

TURMERIC

Turmeric futures are expected to trade very sluggish with negative bias in

coming week in absence of fresh market cues from spot market.

Due to steep fall in prices growers are also becoming reluctant in further

selling of their produce. However, weak domestic and export demand amid

huge stocks is likely to limit the gains.

JEERA

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

buyers. Prices will also take cues from the production of this spice in Syria &

Turkey the other major producers.

Jeera futures are forecast to continue the bearish trend on profit booking as

overall trend is likely to remain sluggish amid prevailing poor domestic

demand.

PEPPER

The pepper futures are forecast to continue the positive trend on fresh buying

at lower levels. However, Higher Indian prices are keeping export demand

away from India which might limit the sharp gains.

Lower stocks available across the spot markets might support the prices and

reports of pepper production in Brazil and Indonesia is expected to be lower

might also support the prices.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 3655 3436 3217

OUTLOOK

Trend:- Consolidate

Resistance:- 3100

Support:- 2910, 2

Strategy:- Sell on high

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ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

3217 3111 2998 2892 2779

olidate

3100, 3170

2860

Sell on high

CHANA WEEKLY

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S3 S4

2560 2341

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 8197 7567

OUTLOOK

Trend:- Bearish

Resistance:- 6450

Support:- 6050, 5900

Strategy:- Sell on h

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TURMERIC

R2 R1 P S1 S2

6937 6583 6307 5953 5677

6450, 6600

5900

Sell on high

TURMERIC WEEKLY

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S3 S4

5047 4417

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 17510 16635 15750

OUTLOOK

Trend:- Consolidate

Resistance:- 15350

Support:- 14450,

Strategy:- Sell on high

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JEERA

R2 R1 P S1 S2

15750 15330 14885 1455 14010

Consolidate

5350, 15900

14000

Sell on high

JEERA WEEKLY

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S3 S4

13135 12260

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 34760 32960 31160

OUTLOOK

Trend:- Bullish

Resistance:- 30650,

Support:- 29300,

Strategy:- Buy on dips

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PEPPER

R2 R1 P S1 S2

31160 30470 29360 28670 27560

30650, 31600

, 28500

Buy on dips

PEPPER WEEKLY

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S3 S4

25760 23960

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