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Daily Newsletter-Agri Commodity 01/06/2012

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MARKET WRAP Chana declines nearly 2.4% on ample supply in spot market. Jeera regains 2.7% on thin supply and strong domestic demand. Mentha oil hits upper circuit of 4% on expiry of the contract.

Cardamom sheds nearly 2% on continuous decrease in domestic demand. Prices closed near its support level of 1300. Pepper declines sharply on fresh arrivals. Prices closed below 39000. It may continue its downtrend in the upcoming trading sessions. Turmeric recovered 1.3% on profit booking, prices closed at 3724.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

1,333.00

1,308.00

-25.00

-1.88

CHANA

4,234.00

4,143.00

-91.00

-2.15

GUR

1,116.00

1,116.00

0.00

0.00

JEERA

12,705.00

13,042.00

337.00

2.65

MENTHA OIL

1,166.00

1,212.00

46.00

3.95

PEPPER

39,545.00

38,820.00

-725.00

-1.83

POTATO

1,064.00

1,060.00

-4.00

-0.38

RM SEED

3,841.00

3,835.00

-6.00

-0.16

SOYABEAN

3,376.00

3,407.00

31.00

0.92

TURMERIC

3,676.00

3,724.00

48.00

1.31

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TECHNICAL VIEW CARDAMOM (JUNE) Trend

•Consolidate • Sell on high

Strategy Resistance Support

• R2 - 1329 • R1 - 1315 • S1 - 1301 • S2 - 1287

CHANA (JUNE) Trend Strategy Resistance

• R2 - 4248 • R1 - 4178

Support

• S1 - 4108 • S2 - 4038

GUR (JULY) Trend

• Consolidate • Sell on high

Strategy

• Consolidate • Sell on high

POTATO (JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 1137 • R1 - 1123

Resistance

• R2 - 1081 • R1 - 1067

Support

• S1 - 1109 • S2 - 1095

Support

• S1 - 1053 • S2 - 1039

JEERA (JUNE) Trend

Strategy

• Consolidate • Sell on high

MENTHA OIL (JUNE) Trend

Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 13492 • R1 - 13192

Resistance

• R2 - 1251 • R1 - 1225

Support

• S1 - 12892 • S2 - 12592

Support

• S1 - 1199 • S2 - 1173

PEPPER (JUNE) Trend Strategy

• Consolidate • Sell on high

RM SEED (JUNE) Trend Strategy

• Consolidate •Sell on high

Resistance

• R2 - 39850 • R1 - 39150

Resistance

• R2 - 3945 • R1 - 3870

Support

• S1 - 38490 • S2 - 37790

Support

• S1 - 3800 • S2 - 3725

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SOYABEAN (JUNE) Trend Strategy

• Consolidate • Buy on dips

TURMERIC (JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 3482 •R1 - 3432

Resistance

• R2 - 3874 • R1 - 3774

Support

• S1 - 3382 • S2 - 3332

Support

• S1 - 3674 • S2 - 3574

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