Weekly Commodity Agri News Letter by CapitalHeight 13-12-2010
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Transcript of Weekly Commodity Agri News Letter by CapitalHeight 13-12-2010
Weekly Newsletter13/12/2010
Newsletter-Agri Commodity
www.capitalheight.com
Commodity
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Phone- (0731)4295950
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 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.
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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Phone- (0731)4295950
S3 S4
2264 2153
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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Phone- (0731)4295950
S3 S4
13146 12304
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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Phone- (0731)4295950
S3 S4
11713 10601
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
www.capitalheight.com
Phone- (0731)4295950
S3 S4
18895 17370
www.capitalheight.com
Phone- (0731)4295950
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