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Daily Newsletter-Agri Commodity 28/12/2011

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MARKET WRAP Jeera slumps on profit booking Guar gum & seed rebounds on fresh buying Mentha oil down on fresh selling

Cardamom ended down today after hitting upper circuit yesterday on the back of profit booking and concerns over its supply. Guar gum and seed rebounded after two days sell off on the back of fresh buying and short covering owing to limited stocks. Pepper ended flat on negative bias while Turmeric was up gaining marginal 34 pts.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

619.90

609.60

-10.30

-1.66

CHANA

3,309.00

3,302.00

-7.00

-0.21

GUARGUM

22,934.00

23,330.00

396.00

1.73

GUARSEED

6,948.00

7,029.00

81.00

1.17

JEERA

16,147.00

15,800.00

-347.00

-2.15

MENTHA OIL

1,326.40

1,310.30

-16.10

-1.21

PEPPER

33,025.00

32,845.00

-180.00

-0.55

MUSTARD SEED

3,491.00

3,505.00

14.00

0.40

SOYABEAN

2,437.50

2,447.00

9.50

0.39

TURMERIC

4,808.00

4,842.00

34.00

0.71

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TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 631 • R1 - 617 • S1 - 603 • S2 - 589

Support

GUARGUM (JAN) Trend

• Consolidate • Buy on dips

Strategy

CHANA (JAN) Trend

Strategy

• Consolidate • Sell on high

Resistance

• R2 - 3420 • R1 - 3340

Support

• S1 - 3280 • S2 - 3210

GUARSEED (JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 23900 • R1 - 23520

Resistance

• R2 - 7210 • R1 - 7090

Support

• S1 - 23150 • S2 - 22750

Support

• S1 - 6970 • S2 - 6850

JEERA (JAN) Trend Strategy

• Consolidate • Buy on dips

MENTHA OIL (JAN) Trend

Strategy

• Consolidate • Sell on high

Resistance

• R2 - 16200 • R1 - 15940

Resistance

• R2 - 1350 • R1 - 1323

Support

• S1 - 15660 • S2 - 15400

Support

• S1 - 1297 • S2 - 1270

PEPPER (JAN) Trend Strategy

• Consolidate • Sell on high

MUSTARD SEED (JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 33900 • R1 - 33200

Resistance

• R2 - 3595 • R1 - 3535

Support

• S1 - 32500 • S2 - 31950

Support

• S1 - 3477 • S2 - 3420

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SOYABEAN (JAN) Trend Strategy

• Consolidate • Buy on dips

TURMERIC (APR) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2510 • R1 - 2470

Resistance

• R2 - 4990 • R1 - 4890

Support

• S1 - 2430 • S2 - 2390

Support

• S1 - 4790 • S2 - 4690

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