Weekly Agri-Commodity Tips – 21 March to 25 March

Weekly Newsletter21/03/2011

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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Phone- (0731)4295950

MARKET WRAP

CHANA Stockists and traders are procuring Chana from the spot market as the prices

are at very comfortable level and markets are witnessing inflow of good

quality produce.

n the short to medium term price trend would depend on the pace of arrivals

and the as actual production estimates of Rabi Pulses.

TURMERIC

Prices and volumes are falling while open interest is witnessing a positive

move. It is a good indication that a sharp rally against downtrend will develop

creating a good sell point.

Demand from the local stockists and overseas buyer have declined due to

sharp fall. Buyers are anticipating further fall in the prices.

JEERA

Revival in demand from the overseas will support Jeera prices in the short

term.

Prices and open interest are rising while volumes are falling. Market is

attracting late buyers & early shorts; so it is vulnerable to a sharp correction

but likely that that correction will be brought creating a buy point for uptrend.

PEPPER

Pepper output is expected to decline this year in the international market. This

could support the prices in the short as well as long term.

Pepper prices will depend on demand from the overseas and domestic

market and fresh arrivals in the physical market in Kochi. Prices will also take

cues from pepper prices in the international market of various origins

particularly India, Vietnam, Indonesia and Brazil.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 2719 2655 2591

OUTLOOK

Trend:- Consolidate

Resistance:- 2580

Support:- 2430, 2

Strategy:- Sell on highs

capi

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

2591 2559 2527 2495 2463

Consolidate

80, 2650

2370

Sell on highs

CHANA WEEKLY



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S3 S4

2399 2335

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 12342 11602

OUTLOOK

Trend:- Consolidate

Resistance:- 10400

Support:- 9700, 9200

Strategy:- Sell on Highs

capi

TURMERIC

R2 R1 P S1 S2

10862 10384 10122 9644 9382

Consolidate

10400, 11000

9200

Sell on Highs

TURMERIC WEEKLY



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S3 S4

8642 7902

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 18688 17833 16978

OUTLOOK

Trend:- Consolidate

Resistance:- 16400

Support:- 15500,

Strategy:- Buy on dips

capi

JEERA

R2 R1 P S1 S2

16978 16527 16123 15672 15268

Consolidate

6400, 17000

, 15000

Buy on dips

JEERA WEEKLY



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Phone- (0731)4295950

S3 S4

14413 13558

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 27515 26063 24611

OUTLOOK

Trend:- Consolidate

Resistance:- 24000

Support:- 22700,

Strategy:- Buy on dips

capi

PEPPER

R2 R1 P S1 S2

24611 24033 23159 22581 21707

Consolidate

4000, 24600

, 21700

Buy on dips

PEPPER WEEKLY



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Phone- (0731)4295950

S3 S4

20255 18803



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Weekly Agri-Commodity Tips – 21 March to 25 March

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Transcript of Weekly Agri-Commodity Tips – 21 March to 25 March