weekly agricommodity report 24-12-2012

7/30/2019 Weekly AgriCommodity Report 24-12-2012

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Weekly Newsletter-Agri Commodity 24/12/2012

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Weekly News Letter- Agri

Contents

Market Wrap

Chana

Jeera

Pepper

Turmeric

Technical Analysis

Chana

Jeera

Pepper

Turmeric


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MARKET WRAP

CHANA Chana gave downside movement in the weekly trading session closing with a

loss of more than a percent amid continuous supply in markets.

It witnessed a sharp fall after failing to sustain above its 2-week high and may

fall further weak in the near term if it breaks the support level of 3970.

JEERA

Jeera rallied to end higher by more than 6% after giving a major trend line

breakout on its weekly chart indicating strength in the commodity.

Expectation of improvement in export demand in near term due to rising

enquiries and slower sowing in Gujarat may provide further drive to prices.

PEPPER Pepper witnessed a sharp decline of more than 10% in trading session last

week resuming its downtrend after a small halt despite tight supply.

It is now expected to fall further weak as harvesting begins in Kerala. Also,

estimates of higher arrivals in coming months may pressurize prices.

TURMERIC Turmeric surged sharply gaining more than a thousand points in just one weekfollowing the formation of a bullish flag pattern in its daily chart.

It ended higher by a staggering 20% as higher demand for the commodity and

rigorous buying by traders at lower levels provided support to the prices.









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TECHNICAL VIEW

CHANA

WEEKLY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

CHANA 4936 4658 4380 4199 4102 3921 3824 3546 3268

OUTLOOK

Trend: Consolidate

Resistance: 4180, 4290

Support: 3970, 3825

Strategy: Sell On High

CHANA WEEKLY









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JEERA

WEEKLY PIVOT


JEERA 19482 18110 16738 16156 15366 14784 13994 12622 11250

OUTLOOK

Trend: Consolidate


Support: 13670, 13250

Strategy: Buy On Dips

JEERA WEEKLY









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PEPPER

WEEKLY PIVOT


PEPPER 52370 47045 41720 38315 36395 32990 31070 25745 20420

OUTLOOK

Trend: Consolidate


Support: 37560, 36550

Strategy: Sell On High

PEPPER WEEKLY









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TURMERIC

WEEKLY PIVOT SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

TURMERIC 10165 8811 7457 6927 6103 5573 4749 3395 2041

OUTLOOK

Trend: Consolidate


Support: 6125, 5950

Strategy: Buy On Dips

TURMERIC WEEKLY









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weekly agricommodity report 24-12-2012

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