Weekly commodity agri news letter by capital height 06 09-10

Weekly Newsletter06/09/2010

Newsletter-Agri Commodity

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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

Demand from the local stockists improved due to lower quotes offered and

commencement of festivals will provide support to the prices.

Improved acreage towards other pulses and therefore improved production

due to adequate rainfall in the Central India will limit the gains.

TURMERIC.

Sluggish domestic as well as overseas demand pressurized the prices.

Higher acreage of cultivation is notices in the major growing areas due to

higher prices as well as favorable monsoon.

Reports of low carry forward stocks too have been providing the uptrend

momentum for the commodity and likely to support the prices.

JEERA

Jeera prices will depend on the demand from the overseas and domestic

buyers and stocks of Jeera with the major producers.

Persistent arrivals in the spot market continued to weigh pressure over the

Jeera futures.

PEPPER

Strong domestic demand from the local traders is also present while farmers

are not selling and arrivals in local mandies continued to be lower.

Reports of Indian rates being higher than International rates are having an

adverse impact on the export front.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

CHANA 2467 2382 2297

OUTLOOK

Trend: - Consolidate

Resistance: - 2165, 2240

Support: - 2135, 2090

Strategy: - Sell on highs

ECHNICAL VIEW

CHANA

R2 R1 P S1 S2

2297 2253 2212 2168 2127

Consolidate

165, 2240

2135, 2090

Sell on highs

CHANA WEEKLY


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S3 S4

2042 1957

WEEKLY PIVOT

SCRIPT R4 R3

TURMERIC 16602 15216

OUTLOOK

Trend: - Bearish

Resistance:- 12440, 12935

Support:- 10700, 10275

Strategy: - Sell on highs

TURMERIC

R2 R1 P S1 S2

13830 13026 12444 11640 11058

12440, 12935

10700, 10275

Sell on highs

TURMERIC WEEKLY


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S3 S4

9672 8286

WEEKLY PIVOT

SCRIPT R4 R3 R2

JEERA 15510 14855 14200

OUTLOOK

Trend:- Bearish

Resistance:- 14085, 14825

Support: - 13990, 12715

Strategy:- Sell on highs

JEERA

R2 R1 P S1 S2

14200 13926 13545 13271 12890 12235

14085, 14825

13990, 12715

Sell on highs

JEERA WEEKLY


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Phone- (0731)4295950

S3 S4

12235 11580

WEEKLY PIVOT

SCRIPT R4 R3 R2

PEPPER 24874 23310 21746

OUTLOOK

Trend:- Consolidate

Resistance:- 21020

Support: - 19910, 18675

Strategy:- Buy on dips

PEPPER

R2 R1 P S1 S2

21746 21083 20182 19519 18618

Consolidate

1020, 22000

19910, 18675

Buy on dips

PEPPER WEEKLY


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Phone- (0731)4295950

S3 S4

17054 15490


[email protected]

Phone- (0731)4295950

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Weekly commodity agri news letter by capital height 06 09-10

Economy & Finance

Transcript of Weekly commodity agri news letter by capital height 06 09-10