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Weekly Newsletter Newsletter-Agri Agri Commodity 11/04/2011

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Weekly News Letter-Agri Contents Market Wrap Chana Turmeric Jeera Pepper Technical Analysis Chana Turmeric Jeera Pepper

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MARKET WRAP CHANA Chana prices may recover in the short term as prices generally bottom out by mid April when arrivals are at its peak. Bumper crop production is likely to weigh on the market sentiments. Tenders to import other pulses like yellow peas which are used as a substitute for Chana is prompting the prices of Chana as the prices of peas are lower.

TURMERIC Price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. In the medium to long term turmeric prices may trade bearish due to increase in the arrivals owing to better production.

JEERA Jeera prices will depend on the demand from the overseas and domestic buyers and fresh arrivals in the domestic markets. Export demand from gulf countries is very poor which might weigh on sentiments. Overall production forecast is down by 10-25% Y/Y which might support the prices in medium to long term.

PEPPER Pepper prices will depend on demand from the overseas and domestic buyers, as the prices of Indian pepper in the international market are at the same levels as that of other major competitors. Indian traders are getting fresh export enquiries from global buyers, hence, is likely to support the price in spot as well as futures market in coming days. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA

R4 2614

R3 2534

R2 2454

R1 2416

P 2374

S1 2336

S2 2294

S3 2214

S4 2134

OUTLOOK Trend:- Bearish Resistance:- 2435 435, 2510 Support:- 2300, 22230 Strategy:- Sell on highs CHANA WEEKLY

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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC

R4 12445

R3 11745

R2 11045

R1 10773

P 10345

S1 10073

S2 9645

S3 8945

S4 8245

OUTLOOK Trend:- Consolidate Resistance:- 11000 1000, 11600 Support:- 10050,, 9700 Strategy:- Buy on Dips TURMERIC WEEKLY

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JEERA WEEKLY PIVOT SCRIPT JEERA

R4 18517

R3 17584

R2 16651

R1 16074

P 15718

S1 15141

S2 14785

S3 13852

S4 12919

OUTLOOK Trend:- Consolidate Resistance:- 16075 075, 16650 Support:- 15070,, 14600 Strategy:- Buy on dips JEERA WEEKLY

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PEPPER WEEKLY PIVOT SCRIPT PEPPER

R4 29914

R3 28600

R2 27286

R1 26781

P 25972

S1 25467

S2 24658

S3 23344

S4 22030

OUTLOOK Trend:- Bullish Resistance:- 26800 800, 27500 Support:- 25450,, 24660 Strategy:- Buy on dips PEPPER WEEKLY

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