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Weekly Newsletter-Agri Commodity 28/02/2011 Phone- (0731)4295950

Weekly News Letter-Agri Contents Market Wrap Chana Turmeric Jeera Pepper Technical Analysis Chana Turmeric Jeera Pepper Phone- (0731)4295950

MARKET WRAP CHANA Weather would be an important factor to be watched for as actual production would mainly depend on the weather conditions during the crop development period (February). We expect March contract to trade in the range of Rs. 2525 – 2700 per qtl levels in the medium term.

TURMERIC Price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. The market may be vulnerable to large price swings as shorter time frame traders attempt to trade from both sides of the market but liquidating before end of- day. Often a signal of a market turn near-term or continued volatility

JEERA As per trade sources, till the fresh arrivals starts in full swing demand for old crop amid lower stocks might support the prices. According to derivative analysis, prices and volumes are rising while open interest is falling. Market has a lot of traders initiating from both sides but larger traders may be liquidating into the higher prices.

PEPPER Pepper prices will depend on demand from the overseas and domestic market and fresh arrivals in the physical market in Kochi. Prices will also take cues from the production of Pepper in Vietnam, carryover stocks (Vietnam) and pepper prices in the international market of various origins particularly India, Vietnam, Indonesia and Brazil. Phone- (0731)4295950


R4 2977

R3 2834

R2 2691

R1 2597

P 2548

S1 2454

S2 2405

S3 2262

S4 2119

OUTLOOK Trend:- Consolidate Resistance:- 2575, 2650 Support:- 2450, 2390 Strategy:- Sell on highs CHANA WEEKLY Phone- (0731)4295950


R4 11757

R3 11187

R2 10617

R1 10283

P 10047

S1 9713

S2 9477

S3 8907

S4 8337

OUTLOOK Trend:- Consolidate Resistance:- 10400, 11120 Support:- 9700, 9200 Strategy:- Sell on Highs TURMERIC WEEKLY Phone- (0731)4295950


R4 20922

R3 19602

R2 18282

R1 17826

P 16962

S1 16506

S2 15642

S3 14322

S4 13002

OUTLOOK Trend:- Bullish Resistance:- 17830, 18300 Support:- 16500, 15600 Strategy:- Buy on dips JEERA WEEKLY Phone- (0731)4295950


R4 27792

R3 26197

R2 24602

R1 23668

P 23007

S1 22073

S2 21412

S3 19817

S4 18222

OUTLOOK Trend:- Consolidate Resistance:- 23700, 24600 Support:- 22000, 21300 Strategy:- Sell on highs PEPPER WEEKLY Phone- (0731)4295950

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