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Transcript of Weekly Agri Commodity Tips by
Weekly Newsletter16/05/2011
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 There are expectations of some more recovery from lower levels in coming
weeks on expected rise in domestic demand amidst falling arrivals.
A Higher production prospect for Chana and other Pulses could however
prevent the rates from moving up significantly.
TURMERIC
Price trend in the short term are likely to depend on the arrivals and demand
from the overseas and domestic buyers.
In the medium to long term turmeric prices will take cues from the turmeric
stocks at the domestic market and onset of monsoon in the major growing
regions.
JEERA
A small recovery in prices on short covering on lower levels can be seen
initially in the week.
Jeera prices will depend on the demand from the overseas and domestic
buyers. Prices will also take cues from the production of this spice in Syria
and Turkey the other major producers.
PEPPER
Pepper is expected to trade on bullish note on strong buying interest. Limited
supply amid good demand is likely to support the prices. Futures are
expected to witness corrections on profit selling as prices are trading at all
time high levels.
Price trend will depend on pepper production in Indonesia and Brazil and
demand from the overseas and domestic buyers.
T
WEEKLY PIVOT
SCRIPT R4 R3 R2
CHANA 2718 2624 2530
OUTLOOK
Trend:- Consolidate
Resistance:- 2500
Support:- 2400, 2325
Strategy:- Buy on dips
capi
TECHNICAL VIEW
CHANA
R2 R1 P S1 S2
2530 2493 2436 2399 2342
Consolidate
2500, 2575
2325
Buy on dips
CHANA WEEKLY
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WEEKLY PIVOT
SCRIPT R4 R3
TURMERIC 9422 9084
OUTLOOK
Trend:- Consolidate
Resistance:- 8900
Support:- 7850, 7450
Strategy:- Sell on Highs
capi
TURMERIC
R2 R1 P S1 S2
8746 8614 8408 8276 8070
Consolidate
8900, 9250
7450
Sell on Highs
TURMERIC WEEKLY
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S3 S4
7732 7394
WEEKLY PIVOT
SCRIPT R4 R3 R2
JEERA 16373 15900 15427
OUTLOOK
Trend:- Bearish
Resistance:- 15350
Support:- 14400,
Strategy:- Sell on Highs
capi
JEERA
R2 R1 P S1 S2
15427 15156 14954 14683 14481
350, 15800
, 13800
Sell on Highs
JEERA WEEKLY
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S3 S4
14008 13535
WEEKLY PIVOT
SCRIPT R4 R3 R2
PEPPER 36312 34192 32072
OUTLOOK
Trend:- Bullish
Resistance:- 31125
Support:- 29000,
Strategy:- Buy on dips
capi
PEPPER
R2 R1 P S1 S2
32072 31125 29952 29005 27832
31125, 32070
, 27830
Buy on dips
PEPPER WEEKLY
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25712 23592
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