Weekly Agri Report

8
Weekly New 18/07/2011 wsletter-Agri Comm www.capit modity talheight.com

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Transcript of Weekly Agri Report

Weekly Newsletter18/07/2011

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 The current predictions with respect to monsoon and sowing acreage point

towards downward projections of Kharif output which may provide support to

the prices.

Chana futures are likely to trade firm owing to improved demand from local

buyers amidst reduced arrivals in the domestic market.

TURMERIC

Price trend in the short term are likely to depend on distribution of rainfall in

the growing areas and demand for the spice from domestic and overseas

buyers.

In the medium term turmeric prices will take cues from the turmeric stocks at

the domestic market and sowing progress of turmeric.

JEERA

Jeera prices in the intraday are likely to trade sideways to up owing to

improvement in demand from the domestic and overseas buyers.

Prices will also take cues from the carryover stocks of Jeera with India. This

season carryover stocks are expected to remain at the lower side owing to

lower production. This is likely to support prices.

PEPPER

As the pepper prices in the international market of all regions are at same

levels there is likelihood that overseas buyers might place fresh orders in the

domestic market in the short term.

Price will depend on pepper stocks with Vietnam and India along with price

quotes offered by Indonesia and Vietnam in the international market.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 3117 3030 2943

OUTLOOK

Trend:- Bullish

Resistance:- 2900

Support:- 2770, 26

Strategy:- Buy on dips

capi

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

2943 2892 2856 2805 2769

2900, 3030

2680

Buy on dips

CHANA WEEKLY

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S3 S4

2682 2595

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 8851 8493

OUTLOOK

Trend:- Consolidate

Resistance:- 8000

Support:- 7400, 7000

Strategy:- Sell on high

capi

TURMERIC

R2 R1 P S1 S2

8135 7921 7777 7563 7419

Consolidate

000, 8400

7000

on high

TURMERIC WEEKLY

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S3 S4

7061 6703

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 17767 16723 15679

OUTLOOK

Trend:- Consolidate

Resistance:- 15500

Support:- 14500,

Strategy:- Buy on dips

capi

JEERA

R2 R1 P S1 S2

15679 15316 14635 14272 13591

Consolidate

5500, 16000

, 13900

Buy on dips

JEERA WEEKLY

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S3 S4

12547 11503

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 33278 30367 29456

OUTLOOK

Trend:- Consolidate

Resistance:- 28600

Support:- 26500,

Strategy:- Sell on high

capi

PEPPER

R2 R1 P S1 S2

29456 28431 27545 26520 25634

Consolidate

8600, 29550

, 25200

Sell on high

PEPPER WEEKLY

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S3 S4

23723 21812

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