of 7
8/8/2019 Agri Commodity Reports for the Week(27th September - 1st October '10)
1/7
Spices Recover On Improved Buying!
WEEKLYAGRI REPORT
www.capitalvia.com
R ES EA R C H
www.c
apitalvia.c
om
27th Sep 2010 to 02nd Oct 2010
http://www.capitalvia.com/http://www.capitalvia.com/8/8/2019 Agri Commodity Reports for the Week(27th September - 1st October '10)
2/7
R ES EA R C H
Weekly Agri Report1st March to 6th Mar 2010
R ES EA R C HR ES EA R C H
www.capitalvia.com | 2
Weekly Chart
Jeera is in a consolidation phase and one should use the strategy of selling on higher levels. If in the coming week Jeerasustains below the level of 13100 then we can expect a level of 12650, and if it sustains above 14420 we can see the level of14700.
Strategy
Last week Jeera was in consolidation and was able to sustain at higher levels and closed near to its high. For the next weekresistance in Jeera is found at 14420 and support at 13100.
JEERA RECOVERS ON IMPROVED BUYING ACTIVITY, BETTER
OFFTAKES
Improved buying by the market participants amidst better off takes at
the domestic led prices to recover yesterday from the lows yesterday.
Revival of demand from the overseas and domestic buyers will support
prices to strengthen in the short term (till September). Also, prices in
the international market of Syrian origin are being offered at higher
rates than Indian origin. This will help prices to find support and
strengthen in the medium term (September mid onwards). Also, there
are lower stocks in the domestic market t ill the fresh arrivals expected inthe month of March which will also add to the gains. In the medium
term to long term (October onwards), Jeera prices will depend on the
demand from the overseas and domestic buyers and stocks of Jeera
with the major producers. Spread between October and November
contract is at Rs.6 as compared to Rs.30 the previous day.
Weekly Pivots
R4 15950
14440R2
P
S2
13685
12931
S4 11420
SCRIPT JEERA
15190R3
14145R1
S1 13391
S3 12175
Improved Buying
Lower Stocks Till The Fresh Arrivals
REASONS FOR MOVEMENTJEERA
Weekly Report Agri27th Sep to 02nd Oct 2010
8/8/2019 Agri Commodity Reports for the Week(27th September - 1st October '10)
3/7
R ES EA R C H
Weekly Agri Report1st March to 6th Mar 2010
R ES EA R C HR ES EA R C H
www.capitalvia.com | 3
Weekly Chart
For next week traders should go for buying on lower level strategy, if Guar seed sustains below the level of 1970 we can see thelevel of 1920, and above 2070 it can come up till 2130.
Strategy
Last week Guar seed did break its important support of 1960 but was not able to sustain below it and we saw some goodbuying coming at lower levels in the last two days of the week. For the next week resistance in Guar seed is found at 2160 and
support at 1950.
GUAR CLOSES HIGHER ON MIXED OUTPUT VIEW
Better crop prospects and lackluster demand kept Spot as well as
futures prices of Guar mixed on Saturday. Guar seed output is likely to
rise this year due to increased acreage and a favorable monsoon season
in the major producing states of Rajasthan, Gujarat, Haryana and
Punjab. Export demand for Guar gum has declined. Also, lower
domestic demand of Churi and Korma would provide support to the
bears. In the medium to long term (October onwards) prices will take
cues from the stocks of Guar with the stockists, demand from the
overseas buyers and the pace of arrivals of Guar crop. Spread between
October and November contract is Rs.49 per qtl compared to Rs. 19 per
qtl. Guar futures in the intraday may witness some short covering;
however, prices may decline in the coming days on better crop
prospects. In the Short term (till September), prices will depend on the
demand from the overseas buyers which is currently at a slow pace. In
the medium (October onwards) prices will depend on the pace of
arrivals of early sown Guar crop and stocks of Guar with the stockists.
Weekly Pivots
R4 2305
2121R2
P
S2
2029
1937
S4 1753
SCRIPT GUARSEED
2213R3
2087R1
S1 1995
S3 1845
Better Crop Prospects
Lackluster Demand
REASONS FOR MOVEMENTGUARSEED
Weekly Report Agri27th Sep to 02nd Oct 2010
8/8/2019 Agri Commodity Reports for the Week(27th September - 1st October '10)
4/7
R ES EA R C H
Weekly Commodity Report1st March to 6th Mar 2010
R ES EA R C HR ES EA R C H
www.capitalvia.com | 4
Weekly Chart
Soybean is in a consolidation phase on charts and one should look for selling opportunities at higher levels, if Soybean sustainsbelow the level of 1960 we can see the level of 1880, and on the up side if it sustains above the level of 2110 we can seeSoybean at 2145 level.
Strategy
Last week Soybean took important support of 1955 level and bounced back, afterwards we saw some good buying coming at
lower levels. For the next week Soybean has resistance at 2110 and support at 1960.
SOYBEAN CLOSES HIGHER ON TRACKING GLOBAL CUES
NCDEX October Soybean futures closed slightly higher on account of
fresh arrivals in major producing states like Madhya Pradesh and
Maharashtra. Fresh arrivals are increasing day by day in Madhya
Pradesh, which is major producing state of soybean are in favor of
bears. Spread between NCDEX October and November contract is Rs
22.50 against previous day of Rs 15.50 per 100 Kg. CBOT November
soybean futures ended higher at $ 10.93/bushels on Thursday, up 5.00
cents/bushel as compared to previous close. CBOT December Soybeanmeal futures ended lower at $ 309.50/ton on Thursday, down
$0.90/tonne as compared to previous close.
Weekly Pivots
R4 2338
2154R2
P
S2
2062
1970
S4 1786
SCRIPT SOYABEAN
2246R3
2116R1
S1 2024
S3 1878
REASONS FOR MOVEMENT
Fresh Arrivals
Good Rainfall
SOYABEAN
Weekly Report Agri27th Sep to 02nd Oct 2010
8/8/2019 Agri Commodity Reports for the Week(27th September - 1st October '10)
5/7
R ES EA R C H
Weekly Commodity Report1st March to 6th Mar 2010
R ES EA R C HR ES EA R C H
www.capitalvia.com | 5
Weekly Chart
Overall trend of Chana is of consolidation and one should go for selling at higher levels strategy in it . For the coming week ifChana sustains below 2060 level we can see it at 2020 and above 2296 we can expect the level of 2335.
Strategy
Last week Chana bounced back from its important support of 2060 level and made a weekly close near to its high. For the
coming week Chana has resistance at 2296 and support at 2140.
CHANA UP ON FRESH DEMAND AT LOWER LEVELS
The Chana futures are likely to trade positive during early hours of the
day on extended short covering, however, trend will remain weak.
Investors and traders are likely to cover their short positions anticipating
market is in oversold zone. Futures markets are witnessing a technical
recovery; however, fundamental factors are still bearish for the prices.
Lackluster demand for Chana in the spot market f rom dal millers is likely
to have a bearish impact on the market. Ease in prices of other pulses due
to fresh arrivals is having a cooling effect on Chana market also. We are
anticipating a rise in acreage under Chana cultivation on favourableweather condition. In the short term, Chana prices may trade firm on
expectations of better demand ahead of festive seasons. However,
October onwards, Chana futures are expected to remain under pressure
on the reports of higher sowing acreage under Kharif Pulses. In the long
term (November onwards) Chana prices may take cues from the prices of
other pulses and sowing progress of Chana in the major growing areas.
Weekly Pivots
R4 2566
2342R2
P
S2
2230
2118
S4 1894
SCRIPT CHANA
2454R3
2297R1
S1 2185
S3 2006
Lower Level Buying
Rise In Acreage
REASONS FOR MOVEMENTCHANA
Weekly Report Agri27th Sep to 02nd Oct 2010
8/8/2019 Agri Commodity Reports for the Week(27th September - 1st October '10)
6/7
R ES EA R C H
Weekly Commodity Report1st March to 6th Mar 2010
R ES EA R C HR ES EA R C H
www.capitalvia.com | 6
Weekly Pivots
Script R3 R2 R1 PP S1 S2 S3
JEERA 15193.67 14439.67 14145.33 13685.67 13391.33 12931.67 12177.67
TURMERIC 17099.33 15227.33 14580.67 13355.33 12708.67 11483.33 9611.33
PEPPER 22662.67 21164.67 20357.33 19666.67 18859.33 18168.67 16670.67
SOYABEAN 2246.83 2154.83 2116.67 2062.83 2024.67 1970.83 1878.83
GUARGUM 5295.33 5031.33 4891.67 4767.33 4627.67 4503.33 4239.33
GUARSEED 2213.67 2121.67 2087.33 2029.67 1995.33 1881.00 1814.00
CHANA 2454.00 2342.00 2297.00 2230.00 2185.00 2118.00 2006.00
Script R3 R2 R1 PP S1 S2 S3
MUSTARD SEED 588.17 569.17 562.83 550.17 543.83 531.17 512.17
KAPAS 738.70 722.80 714.70 706.90 698.80 691.00 675.10
GUR 981.60 959.40 948.20 937.20 926.00 915.00 892.80
CARDAMOM 1186.27 1125.27 1093.53 1064.27 1032.53 1003.27 942.27
CRUDE PALM OIL 439.93 431.09 427.05 422.25 418.21 413.41 404.57
REFINED SOYA OIL 534.80 515.60 508.80 496.40 489.60 477.20 458.00
MENTHA OIL 915.17 876.87 860.43 838.57 822.13 800.27 761.97
Weekly Report Agri27th Sep to 02nd Oct 2010
8/8/2019 Agri Commodity Reports for the Week(27th September - 1st October '10)
7/7
R ES EA R C H
Weekly Commodity Report1st March to 6th Mar 2010
R ES EA R C HR ES EA R C H
www.capitalvia.com | 7
Weekly Report Agri27th Sep to 02nd Oct 2010
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them
the most.
Sincere efforts have been made to present the right investment perspective. The
information contained herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and
based upon it & take no responsibility
The stock price projections shown are not necessarily indicative of f uture price performance. The information herein, together
with all estimates and forecasts, can change without notice.
Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.
It is understood that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held responsible for.
Any surf ing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity has its own risks.
We, however, do not vouch for
the accuracy or the completeness thereof. we are not responsible for any loss
incurred whatsoever for any financial profits or loss which may arise from the
recommendations above.
CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.
Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or
Any Information Provided by us to/with anyone which is received directly or indirectly by them. If f ound so then Serious Legal
Actions can be taken.
DisclaimerDisclaimer