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Daily Newsletter-Agri Commodity 17/12/2011

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MARKET WRAP Chana settled higher on rising demand RM seed ended up on low stocks availability Guar gum & Guar seed ended down on profit booking

Spices traded mixed today with Turmeric ended down, hits lower circuit on fresh selling due to higher arrivals followed by Jeera declined on weak export demand while Pepper regained on fresh buying due to rising export demand. Mentha Oil edges higher on short covering due to strong industrial demand. Cardamom ended flat on lack of cues.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

601.00

600.30

-0.70

-0.12

CHANA

3,173.00

3,205.00

32.00

1.01

GUARGUM

21,268.00

21,029.00

-239.00

-1.12

GUARSEED

6,552.00

6,370.00

-182.00

-2.78

JEERA

13,790.00

13,753.00

-37.00

-0.27

MENTHA OIL

1,296.40

1,304.00

7.60

0.59

PEPPER

36,915.00

37,180.00

265.00

0.72

MUSTARD SEED

3,416.00

3,433.00

17.00

0.50

SOYABEAN

2,312.50

2,321.00

8.50

0.37

TURMERIC

4,426.00

4,250.00

-176.00

-3.98

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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 621 • R1 - 607 • S1 - 593 • S2 - 579

Support

GUARGUM (DEC) Trend

• Bullish • Buy on dips

Strategy

CHANA (DEC) Trend

Strategy

• Consolidate • Sell on high

Resistance

• R2 - 3295 • R1 - 3235

Support

• S1 - 3175 • S2 - 3115

GUARSEED (DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 21600 • R1 - 21220

Resistance

• R2 - 6550 • R1 - 6430

Support

• S1 - 20840 • S2 - 20460

Support

• S1 - 6310 • S2 - 6190

JEERA (DEC) Trend Strategy

• Consolidate • Sell on high

MENTHA OIL (DEC) Trend

Strategy

• Consolidate • Sell on high

Resistance

• R2 - 14165 • R1 - 13890

Resistance

• R2 - 1343 • R1 - 1317

Support

• S1 - 13620 • S2 - 13350

Support

• S1 - 1291 • S2 - 1265

PEPPER (DEC) Trend Strategy

• Consolidate • Buy on dips

MUSTARD SEED (DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 38250 • R1 - 37545

Resistance

• R2 - 3520 • R1 - 3465

Support

• S1 - 36820 • S2 - 36115

Support

• S1 - 3405 • S2 - 3350

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SOYABEAN (DEC) Trend Strategy

• Consolidate • Buy on dips

TURMERIC (DEC) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2380 • R1 - 2340

Resistance

• R2 - 4390 • R1 - 4300

Support

• S1 - 2300 • S2 - 2260

Support

• S1 - 4200 • S2 - 4110

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