Weekly commodity agri news letter by capital height 06 09-10
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Transcript of Weekly commodity agri news letter by capital height 06 09-10
Weekly Newsletter06/09/2010
Newsletter-Agri Commodity
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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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Phone- (0731)4295950
MARKET WRAP
CHANA
Demand from the local stockists improved due to lower quotes offered and
commencement of festivals will provide support to the prices.
Improved acreage towards other pulses and therefore improved production
due to adequate rainfall in the Central India will limit the gains.
TURMERIC.
Sluggish domestic as well as overseas demand pressurized the prices.
Higher acreage of cultivation is notices in the major growing areas due to
higher prices as well as favorable monsoon.
Reports of low carry forward stocks too have been providing the uptrend
momentum for the commodity and likely to support the prices.
JEERA
Jeera prices will depend on the demand from the overseas and domestic
buyers and stocks of Jeera with the major producers.
Persistent arrivals in the spot market continued to weigh pressure over the
Jeera futures.
PEPPER
Strong domestic demand from the local traders is also present while farmers
are not selling and arrivals in local mandies continued to be lower.
Reports of Indian rates being higher than International rates are having an
adverse impact on the export front.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
CHANA 2467 2382 2297
OUTLOOK
Trend: - Consolidate
Resistance: - 2165, 2240
Support: - 2135, 2090
Strategy: - Sell on highs
ECHNICAL VIEW
CHANA
R2 R1 P S1 S2
2297 2253 2212 2168 2127
Consolidate
165, 2240
2135, 2090
Sell on highs
CHANA WEEKLY
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Phone- (0731)4295950
S3 S4
2042 1957
WEEKLY PIVOT
SCRIPT R4 R3
TURMERIC 16602 15216
OUTLOOK
Trend: - Bearish
Resistance:- 12440, 12935
Support:- 10700, 10275
Strategy: - Sell on highs
TURMERIC
R2 R1 P S1 S2
13830 13026 12444 11640 11058
12440, 12935
10700, 10275
Sell on highs
TURMERIC WEEKLY
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S3 S4
9672 8286
WEEKLY PIVOT
SCRIPT R4 R3 R2
JEERA 15510 14855 14200
OUTLOOK
Trend:- Bearish
Resistance:- 14085, 14825
Support: - 13990, 12715
Strategy:- Sell on highs
JEERA
R2 R1 P S1 S2
14200 13926 13545 13271 12890 12235
14085, 14825
13990, 12715
Sell on highs
JEERA WEEKLY
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Phone- (0731)4295950
S3 S4
12235 11580
WEEKLY PIVOT
SCRIPT R4 R3 R2
PEPPER 24874 23310 21746
OUTLOOK
Trend:- Consolidate
Resistance:- 21020
Support: - 19910, 18675
Strategy:- Buy on dips
PEPPER
R2 R1 P S1 S2
21746 21083 20182 19519 18618
Consolidate
1020, 22000
19910, 18675
Buy on dips
PEPPER WEEKLY
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Phone- (0731)4295950
S3 S4
17054 15490
www.capitalheight.com
Phone- (0731)4295950
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