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Weekly Newsletter Newsletter-Agri Agri Commodity 16/08/2011

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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 Arrivals in the benchmark spot markets are likely to remain low & high demand for upcoming festive season will support the prices to trade higher Chana futures are expected to retain its positive as buying by retailers and millers might support the rise in prices.

TURMERIC Turmeric futures are expected to trade very sluggish with negative bias in coming week in absence of fresh market cues from spot market. Due to steep fall in prices growers are also becoming reluctant in further selling of their produce. However, weak domestic and export demand amid huge stocks is likely to limit the gains.

JEERA Jeera prices will depend on the demand from the overseas & domestic buyers. Prices will also take cues from the production of this spice in Syria & Turkey the other major producers. Jeera futures are forecast to continue the bearish trend on profit booking as overall trend is likely to remain sluggish amid prevailing poor domestic demand.

PEPPER The pepper futures are forecast to continue the positive trend on fresh buying at lower levels. However, Higher Indian prices are keeping export demand away from India which might limit the sharp gains. Lower stocks available across the spot markets might support the prices and reports of pepper production in Brazil and Indonesia is expected to be lower might also support the prices. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA

R4 3655

R3 3436

R2 3217

R1 3111

P 2998

S1 2892

S2 2779

S3 2560

S4 2341

OUTLOOK Trend:- Consolidate olidate Resistance:- 3100 3100, 3170 Support:- 2910, 22860 Strategy:- Sell on high CHANA WEEKLY

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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC

R4 8197

R3 7567

R2 6937

R1 6583

P 6307

S1 5953

S2 5677

S3 5047

S4 4417

OUTLOOK Trend:- Bearish Resistance:- 6450 6450, 6600 Support:- 6050, 5900 Strategy:- Sell on h high TURMERIC WEEKLY

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JEERA WEEKLY PIVOT SCRIPT JEERA

R4 17510

R3 16635

R2 15750

R1 15330

P 14885

S1 1455

S2 14010

S3 13135

S4 12260

OUTLOOK Trend:- Consolidate Resistance:- 15350 5350, 15900 Support:- 14450, 14000 Strategy:- Sell on high JEERA WEEKLY

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PEPPER WEEKLY PIVOT SCRIPT PEPPER

R4 34760

R3 32960

R2 31160

R1 30470

P 29360

S1 28670

S2 27560

S3 25760

S4 23960

OUTLOOK Trend:- Bullish Resistance:- 30650, 31600 Support:- 29300,, 28500 Strategy:- Buy on dips PEPPER WEEKLY

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