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Daily Newsletter Agri Commodity

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                        MARKET WRAP
          Turmeric ends slightly up on short covering

          Jeera drops on ample supply

          Pepper surges on limited stocks

          Soya bean, soy oil rises tracking global cues

          Chana down on increased arrivals

          Guar plunges on profit booking

          RM seed trades up on weak arrivals

Turmeric demand from the local stockists and overseas buyer has declined due to

sharp fall. Buyers are anticipating further fall in the prices. The fall in the domestic

production due to bad weather and lack of arrivals from other producing countries

supported domestic Jeera. Pepper prices will depend on demand from the overseas

and domestic buyers & will also take cues from prices in the international market of

various origins. Spot markets are likely to witness subdued trading ahead of fiscal

ending. Full-fledged arrivals of Rabi oilseeds across spot markets are likely to keep

pressure on the soy oil market. US farmers are likely to plant more cotton in place of

soybean as they are attracted by cotton price rally. Absence of the fresh export demand

and the inactive buying of Guar are still prevailing across the spot markets. The arrival

season of guar seed has ended across major growing regions. The arrival pressure of

Chana from Rajasthan is expected to increase in April which might limit the gain in


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                        TECHNICAL VIEW
     CARDAMOM (APR)                                  APR)
                                              CHANA (APR

  Trend        • Consolidate       Trend          • Bearish
               • Sell on highs    Strategy        • Sell on highs
               • R2 - 1125                        • R2 - 2440
Resistance                       Resistance
               • R1 - 1105                        • R1 - 2410
               • S1 - 1065                        • S1 - 2350
 Support                          Support
               • S2 - 1045                        • S2 - 2280

      GUARGUM (APR)                               APR)
                                        GUARSEED (APR

  Trend        • Consolidate       Trend          • Consolidate
Strategy       • Sell on highs                    • Sell on highs
               • R2 - 8535                        • R2 - 2885
Resistance                       Resistance
               • R1 - 8370                        • R1 - 2835
               • S1 - 8040                        • S1 - 2720
 Support                          Support
               • S2 - 7875                        • S2 - 2670

           JEERA (APR)                            APR)
                                      MENTHA OIL (APR

  Trend        • Consolidate      Trend          • Consolidate
Strategy       • Sell on highs   Strategy        • Sell on highs
               • R2 - 16250                      • R2 - 1130
Resistance                       Resistance
               • R1 - 16000                      • R1 - 1110
               • S1 - 15500                      • S1 - 1070
 Support                          Support
               • S2 - 15300                      • S2 - 1060

           PEPPER (APR)                             APR)
                                   REFINED SOY OIL (APR

  Trend        • Consolidate       Trend          • Consolidate
Strategy       • Buy on dips     Strategy         • Sell on highs
               • R2 - 25780                       • R2 - 610
Resistance                       Resistance
               • R1 - 25430                       • R1 - 600
               • S1 - 24270                       • S1 - 590
 Support                          Support
               • S2 - 23050                       • S2 - 580

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         SOYABEAN (APR)                                                                     (APR
                                                                                   TURMERIC (APR)

    Trend              • Consolidate                                         Trend             • Consolidate
  Strategy             • Sell on highs                                     Strategy            • Sell on highs
                       • R2 - 2380                                                             • R2 - 9960
 Resistance                                                                Resistance
                       • R1 - 2350                                                             • R1 - 9770
                       • S1 - 2290                                                             • S1 - 9400
   Support                                                                  Support
                       • S2 - 2260                                                             • S2 - 9230

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