Weekly Agri Commodity Tips by

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Weekly New 06/06/2011 wsletter-Agri Comm www.capit modity talheight.com

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Transcript of Weekly Agri Commodity Tips by

Weekly Newsletter06/06/2011

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 In the domestic markets the prices are finding support from the increasing

demand by the millers and the retailers. The shrinking arrivals are supporting

the uptrend amidst of the growing demand.

Chana futures are projected to gain further in the coming week. The delayed

sowing concerns in Canada and Australia is affecting the market sentiments

TURMERIC

Turmeric futures are expected to trade very sluggish with negative bias in

coming week in absence of fresh market cues from spot market.

Prices and volumes have shown a positive trend while open interest has

fallen. This indicates that market is running out of traders willing to open or

hold an open long/buy.

JEERA

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.

Lean season for arrivals has been started which might add positivity in the

market.

PEPPER

Pepper prices are likely to trade down due to lackluster trades at the domestic

mandis. In the short term prices might be pressurized owing to fresh arrivals

of pepper from Indonesia.

Prices might take corrections on profit selling at higher levels. Global supply

situation has been tightening which might support the prices. According to

trade sources, Vietnam exported 50% of their stock so far.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 2813 2717 2621

OUTLOOK

Trend:- Bullish

Resistance:- 2580

Support:- 2470, 2420

Strategy:- Buy on dips

capi

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

2621 2577 2525 2481 2429

80, 2650

2420

Buy on dips

CHANA WEEKLY

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S3 S4

2333 2237

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 8555 8191

OUTLOOK

Trend:- Bearish

Resistance:- 7830

Support:- 7170, 6600

Strategy:- Sell on h

capi

TURMERIC

R2 R1 P S1 S2

7827 7615 7463 7251 7099

7830, 8550

6600

Sell on highs

TURMERIC WEEKLY

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S3 S4

6735 6371

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 15743 15205 14667

OUTLOOK

Trend:- Consolidate

Resistance:- 14800

Support:- 13750,

Strategy:- Sell on highs

capi

JEERA

R2 R1 P S1 S2

14667 14418 14129 13880 13591

Consolidate

4800, 15500

, 13150

Sell on highs

JEERA WEEKLY

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S3 S4

13053 12515

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 32177 31142 30107

OUTLOOK

Trend:- Consolidate

Resistance:- 30000

Support:- 27800,

Strategy:- Buy on dips

capi

PEPPER

R2 R1 P S1 S2

30107 29640 29072 28605 28037

Consolidate

0000, 30700

, 26300

Buy on dips

PEPPER WEEKLY

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