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Daily Newsletter-Agri Commodity 11/06/2012

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MARKET WRAP Jeera declines nearly 1% on fresh arrivals and low spot demand. Mentha Oil hits lower circuit of 4% on profit booking at higher levels. Soya bean prices sheds nearly 1.8% on low soya meal export.

Cardamom prices recovered on profit booking. Chana traded with bearish bias on decrease in domestic demand. Prices may fall to 4050 in the next trading session. Pepper gains nearly half percent on firm demand. Prices will rise above 39750. RM Seed continues its down trend on higher supply; it will remain under selling pressure.

COMMODITY

P. CLOSE

LAST CLOSE

NET CHANGE

% CHANGE

CARDAMOM

1,180.00

1,187.00

7.00

0.59

CHANA

4,146.00

4,133.00

-13.00

-0.31

GUR

1,143.00

1,133.00

-10.00

-0.87

JEERA

13,017.00

12,895.00

-122.00

-0.94

MENTHA OIL

1,436.00

1,380.00

-56.00

-3.90

PEPPER

39,380.00

39,535.00

155.00

0.39

POTATO

1,112.00

1,108.00

-4.00

-0.36

RM SEED

3,757.00

3,702.00

-55.00

-1.46

SOYABEAN

3,401.00

3,340.00

-61.00

-1.79

TURMERIC

3,700.00

3,688.00

-12.00

-0.32

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TECHNICAL VIEW CARDAMOM (JUNE) Trend

•Consolidate • Buy on dips

Strategy Resistance Support

• R2 - 1208 • R1 - 1194 • S1 - 1180 • S2 - 1166

CHANA (JULY) Trend Strategy Resistance

• R2 - 4238 • R1 - 4168

Support

• S1 - 4098 • S2 - 4028

GUR (JULY) Trend

• Consolidate • Buy on dips

Strategy

• Consolidate • Sell onhigh

POTATO (JULY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 1154 • R1 - 1140

Resistance

• R2 - 1129 • R1 - 1115

Support

• S1 - 1126 • S2 - 1112

Support

• S1 - 1101 • S2 - 1087

JEERA (JULY) Trend

Strategy

• Consolidate • Buy on dips

MENTHA OIL (JUNE) Trend

Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 13345 • R1 - 13045

Resistance

• R2 - 1419 • R1 - 1393

Support

• S1 - 12745 • S2 - 12445

Support

• S1 - 1367 • S2 - 1341

PEPPER (JULY) Trend Strategy

• Consolidate • Buy on dips

RM SEED (JULY) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 40565 • R1 - 39865

Resistance

• R2 - 3812 • R1 - 3737

Support

• S1 - 39205 • S2 - 38505

Support

• S1 - 3667 • S2 - 3592

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SOYABEAN (JULY) Trend Strategy

• Consolidate • Sell on high

TURMERIC (JULY) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 3415 •R1 - 3365

Resistance

• R2 - 3838 • R1 - 3738

Support

• S1 - 3315 • S2 - 3265

Support

• S1 - 3638 • S2 - 3538

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DAILY AGRICOMMODITY REPORT 11-06-2012