Weekly Newsletter01/08/2011

Weekly Newsletter-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 for Chana usually goes up during Ramadan, a holy Muslim festival

beginning in August.

Chana futures are likely to trade sideways to up due to expectation of

demand from the local buyers amidst reduced arrivals in the domestic market.

TURMERIC

Turmeric prices may trade down due to decline in the off takes from the local

buyers. Price trend in the short term is 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

Prices in the intraday are likely to sideways owing to lackluster trades at the

domestic markets. Any fresh enquires from the local stockists and overseas

buyers might control prices from falling sharply.

Prices will take cues from the carryover stocks. This season carryover stocks

are expected to remain at the lower side owing to lower production.

PEPPER

Pepper futures in the intraday are expected to trade sideways to up due to

lower arrivals in the domestic mandi. Demand from the domestic buyers

ahead of festivals might keep prices supported in the short term.

The exports are likely to pick up further and with stockists unwilling to sell at

these levels, prices are likely to remain firm. Demand from North India

remained moderately good.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 3505 3376 3247

OUTLOOK

Trend:- Bullish

Resistance:- 3250

Support:- 3060, 2860

Strategy:- Buy on dips

capi

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

3247 3204 3118 3075 2989

3250, 3380

2860

Buy on dips

CHANA WEEKLY

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S3 S4

2860 2731

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 9176 8572

OUTLOOK

Trend:- Consolidate

Resistance:- 7900

Support:- 6760, 6

Strategy:- Sell on high

capi

TURMERIC

R2 R1 P S1 S2

7968 7620 7364 7016 6760

Consolidate

7900, 8350

6160

Sell on high

TURMERIC WEEKLY

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S3 S4

6156 5552

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 20335 18944 17553

OUTLOOK

Trend:- Consolidate

Resistance:- 16400

Support:- 15400,

Strategy:- Buy on dips

capi

JEERA

R2 R1 P S1 S2

17553 16766 16162 15375 14771

Consolidate

6400, 17000

, 14800

Buy on dips

JEERA WEEKLY

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S3 S4

13380 11989

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 33278 31996 30714

OUTLOOK

Trend:- Consolidate

Resistance:- 30700

Support:- 28500,

Strategy:- Buy on dips

capi

PEPPER

R2 R1 P S1 S2

30714 30025 29432 28743 28150

Consolidate

30700, 31500

, 27200

Buy on dips

PEPPER WEEKLY

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S3 S4

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