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Weekly Newsletter Newsletter-Agri Agri Commodity 18/04/2011 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 The effect of the arrival pressure and absence of the buyers across the spot markets is still intact. The arrivals from the Rajasthan and Madhya Pradesh regions are also in full swing. However, Chana prices may recover in the short term as prices generally bottom out by mid April when arrivals are at its peak.

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 also very poor which might weigh on sentiments.

PEPPER According to derivative analysis, prices are falling while volumes and open interest all rising. If prices are in a downtrend and open interest is on the rise, it means new money is coming into the market, showing aggressive new short selling. 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. Phone- (0731)4295950


R4 2568

R3 2486

R2 2404

R1 2354

P 2322

S1 2272

S2 2240

S3 2158

S4 2076

OUTLOOK Trend:- Bearish Resistance:- 2380 380, 2435 Support:- 2260, 22185 Strategy:- Sell on highs CHANA WEEKLY capi Phone- (0731)4295950


R4 12214

R3 11500

R2 10786

R1 10310

P 10072

S1 9596

S2 9358

S3 8644

S4 7930

OUTLOOK Trend:- Consolidate Resistance:- 10380 380, 11015 Support:- 9230, 8430 Strategy:- Sell on Highs TURMERIC WEEKLY capi Phone- (0731)4295950


R4 17595

R3 16975

R2 16355

R1 15950

P 15735

S1 15330

S2 15115

S3 14495

S4 13875

OUTLOOK Trend:- Consolidate Resistance:- 155550, 16000 Support:- 14600,, 13800 Strategy:- Sell on H Highs JEERA WEEKLY capi Phone- (0731)4295950


R4 29652

R3 28538

R2 27424

R1 26845

P 26310

S1 25730

S2 25196

S3 24082

S4 22968

OUTLOOK Trend:- Bullish Resistance:- 26300 6300, 27900 Support:- 25600,, 24700 Strategy:- Buy on dips PEPPER WEEKLY capi Phone- (0731)4295950

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