Weekly Commodity Agri News Letter by CapitalHeight 13-12-2010

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Weekly New 13/12/2010 wsletter-Agri Comm www.capita modity alheight.com

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Weekly Newsletter 13/12/2010 www.capitalheight.com www.capitalheight.com Market Wrap Chana Turmeric Jeera Pepper Technical Analysis Chana Turmeric Jeera Pepper Contents [email protected] Phone- (0731)4295950 www.capitalheight.com

Transcript of Weekly Commodity Agri News Letter by CapitalHeight 13-12-2010

Page 1: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

Weekly Newsletter13/12/2010

Newsletter-Agri Commodity

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Commodity

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Page 2: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

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Weekly News Letter-Agri

Contents

Market Wrap

Chana

Turmeric

Jeera

Pepper

Technical Analysis

Chana

Turmeric

Jeera

Pepper

Page 3: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

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MARKET WRAP

CHANA Delay in sowing due to unseasonal rains & re-sowing in some growing areas

may support Chana prices to remain firm in the coming weeks. In the short

term, price gains may be capped due to rising arrivals of Kharif pulses.

Bumper crop projection on higher acreage and favorable weather condition

will add bearish sentiment to the market.

TURMERIC

Short term trend would remain volatile as traders wait for corrections for

buying opportunities.

Additional margin of 5% imposed by the exchange on long side has

hampered the buying interest in the counter.

JEERA

Worldwide limited supply is expected to revive the export demand for jeera.

India is quoting competitive rate in the international market.

There is better sowing activity at the major growing areas thereby better

output is keeping the prices weak.

PEPPER

Traders are reportedly waiting for some more dips in the short term but with

demand expected to rise at lower levels that could support the rates.

Activities in the global markets is expected to be limited in the coming days

since most of the exporters and growers take a break during Christmas and

New Year period.

Page 4: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 2819 2708 2597

OUTLOOK

Trend:- Consolidate

Resistance:- 2510

Support:- 2430, 2

Strategy:- Sell on highs

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

2597 2529 2486 2418 2375

Consolidate

10, 2570

2370

Sell on highs

CHANA WEEKLY

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S3 S4

2264 2153

Page 5: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 17356 16514

OUTLOOK

Trend:- Consolidate

Resistance:- 15300

Support:- 14700,

Strategy:- Sell on highs

TURMERIC

R2 R1 P S1 S2

15672 15136 14830 14294 13988

Consolidate

300, 16050

, 13050

Sell on highs

TURMERIC WEEKLY

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S3 S4

13146 12304

Page 6: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 17273 16161 15049

OUTLOOK

Trend:- Bearish

Resistance:- 14150

Support:- 13225,

Strategy:- Sell on highs

JEERA

R2 R1 P S1 S2

15049 14347 13937 13235 12825

50, 14800

, 12700

Sell on highs

JEERA WEEKLY

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S3 S4

11713 10601

Page 7: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 26520 24995 23470

OUTLOOK

Trend:- Consolidate

Resistance:- 22300

Support:- 20800,

Strategy:- Sell on highs

PEPPER

R2 R1 P S1 S2

23470 22528 21945 21003 20420

Consolidate

2300, 23000

, 19700

Sell on highs

PEPPER WEEKLY

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S3 S4

18895 17370

Page 8: Weekly Commodity Agri  News Letter by CapitalHeight 13-12-2010

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