weekly AgriCommodity Report

Weekly Newsletter25/07/2011

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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MARKET WRAP

CHANA Demand from the local stockists and reports of decline in the area sown

under pulses are likely to support prices.

The current predictions with respect to monsoon and sowing acreage point

towards downward projections of Kharif output which may provide support to

the prices. Chana Prices may gain by Rs. 100-150 from the current levels.

TURMERIC

Price trend in the short term are likely to depend on distribution of rainfall in

the growing areas and demand for the spice from domestic and overseas

buyers.

In the medium term turmeric prices will take cues from the turmeric stocks at

the domestic market and sowing progress of turmeric.

JEERA

Jeera prices are likely to trade sideways to up owing to improvement in

demand from the domestic and overseas buyers.

Prices 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

As the pepper prices in the international market of all regions are at same

levels there is likelihood that overseas buyers might place fresh orders in the

domestic market in the short term.

Prices, volumes and open interest all have shown a positive move. It is a

good indication that market is running out of traders willing to open or hold an

open buy. A higher probability the market is set to retrace in price lower.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 3504 3339 3174

OUTLOOK

Trend:- Bullish

Resistance:- 3120

Support:- 2950, 2840

Strategy:- Buy on dips

capi

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

3174 3117 3009 2952 2844

3120, 3175

2840

Buy on dips

CHANA WEEKLY



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S3 S4

2679 2514

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 8567 8133

OUTLOOK

Trend:- Consolidate

Resistance:- 7900

Support:- 6930, 6600

Strategy:- Sell on high

capi

TURMERIC

R2 R1 P S1 S2

7699 7545 7265 7111 6831

Consolidate

7900, 8350

6600

Sell on high

TURMERIC WEEKLY



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S3 S4

6397 5963

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 21617 19831 18045

OUTLOOK

Trend:- Bullish

Resistance:- 17400

Support:- 15600,


capi

JEERA

R2 R1 P S1 S2

18045 17394 16259 15608 14473

17400, 18050

, 14470

Buy on dips

JEERA WEEKLY



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S3 S4

12687 10901

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 35287 33249 31211

OUTLOOK

Trend:- Consolidate

Resistance:- 30700

Support:- 28500,


capi

PEPPER

R2 R1 P S1 S2

31211 30426 29173 28388 27135

Consolidate

30700, 31500

, 27200

Buy on dips

PEPPER WEEKLY



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S3 S4

25097 23059



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