Weekly Agri Report
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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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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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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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