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Weekly Newsletter-Agri Commodity 12/09/2011 Phone- (0731)4295950

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

MARKET WRAP CHANA Chana is expected to extend its uptrend due to strong demand outlook and fresh buying at lower levels amid ongoing festivals. Prices will take cues from arrivals in the benchmark market and overall demand though profit booking at higher levels could cap its gains.

JEERA Jeera futures are forecast to sideways to negative trend on fresh selling due to higher arrivals in the market from fresh crop Jeera prices will take cues from international export demand along with higher supply though expected rise in demand may lend support to prices

PEPPER Lower stocks available across the spot markets might support the prices and reports of lower pepper production in major producing regions will support the prices. Pepper futures are forecast to extend the positive trend on fresh buying at lower levels. Also, export demand from overseas market can make price rise sharply.

TURMERIC Turmeric is expected to be sideway to negative in the near term due to sluggish demand outlook and subdued demand in the market. Turmeric prices will take cues from demand from the domestic market and international market though any news of higher arrival in the market can pressurize the prices on the upside. Phone- (0731)4295950


R4 3703

R3 3581

R2 3459

R1 3394

P 3337

S1 3272

S2 3215

S3 3093

S4 2971

OUTLOOK Trend:- Bullish Resistance:- 3400, 3520 Support:- 3240, 3080 Strategy:- Buy on dips CHANA WEEKLY Phone- (0731)4295950


R4 16857

R3 16382

R2 15907

R1 15643

P 15432

S1 15168

S2 14957

S3 14482

S4 14007

OUTLOOK Trend:- Consolidate Resistance:- 15900, 16300 Support:- 15000, 14600 Strategy:- Sell on high JEERA WEEKLY Phone- (0731)4295950


R4 35857

R3 35007

R2 34157

R1 33763

P 33307

S1 32913

S2 32457

S3 31607

S4 30757

OUTLOOK Trend:- Bullish Resistance:- 33600, 35400 Support:- 32300, 30700 Strategy:- Buy on dips PEPPER WEEKLY Phone- (0731)4295950


R4 7850

R3 7000

R2 6150

R1 5600

P 5300

S1 4750

S2 4450

S3 3600

S4 2750

OUTLOOK Trend:- Bearish Resistance:- 5300, 5600 Support:- 4750, 4500 Strategy:- Sell on high TURMERIC WEEKLY Phone- (0731)4295950

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