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					      Newsletter-Agri
Daily Newsletter Agri Commodity
07/04/2011




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                        MARKET WRAP
          Turmeric surges on fresh buying

          Jeera continues uptrend on estimated low output

          Pepper gains on supply crunch

          Soya bean, soy oil rises on demand, global cues

          Chana rises on short covering

          Guar falls on profit booking

          Potato falls on profit booking

          Cardamom rises on auction rates


Turmeric price trend in the short term is likely to depend on the arrivals and demand

from the overseas and domestic buyers. Rising arrivals of Jeera at spot market amid

peak arrivals season are keeping the prices under pressure. weak overseas demand is

also adding to the down trend. 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. Domestic traders and investors are likely to buy soybean futures

anticipating revival in demand for soybean and its processed products in the near term.

Limited supply of the produce because of lean season is likely to render support to the

market. The arrivals of Guar are witnessed across the spot markets exerting pressure

on the prices while the export demand for the commodity is bleak. The arrival pressure

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

prices.


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                        TECHNICAL VIEW
     CARDAMOM (APR)                                  APR)
                                              CHANA (APR

  Trend        • Consolidate       Trend          • Consoldate
               • Sell on highs    Strategy        • Sell on highs
Strategy
               • R2 - 1170                        • R2 - 2440
Resistance                       Resistance
               • R1 - 1150                        • R1 - 2405
               • S1 - 1110                        • S1 - 2365
 Support                          Support
               • S2 - 1090                        • S2 - 2330


      GUARGUM (APR)                               APR)
                                        GUARSEED (APR

  Trend        • Consolidate       Trend          • Consolidate
Strategy       • Sell on highs                    • Sell on highs
                                  Strategy
               • R2 - 8555                        • R2 - 2990
Resistance                       Resistance
               • R1 - 8400                        • R1 - 2940
               • S1 - 8050                        • S1 - 2840
 Support                          Support
               • S2 - 7900                        • S2 - 2800


           JEERA (APR)                            APR)
                                      MENTHA OIL (APR

  Trend        • Consolidate      Trend          • Consolidate
Strategy       • Sell on highs   Strategy        • Sell on highs
               • R2 - 16600                      • R2 - 1080
Resistance                       Resistance
               • R1 - 16350                      • R1 - 1060
               • S1 - 15900                      • S1 - 1020
 Support                          Support
               • S2 - 15500                      • S2 - 1000


           PEPPER (APR)                             APR)
                                   REFINED SOY OIL (APR

  Trend        • Consolidate       Trend          • Consolidate
Strategy       • Buy on dips     Strategy         • Buy on dips
               • R2 - 26600                       • R2 - 640
Resistance                       Resistance
               • R1 - 26000                       • R1 - 630
               • S1 - 25400                       • S1 - 610
 Support                          Support
               • S2 - 25000                       • S2 - 600


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                      )
         SOYABEAN (APR)                                                                     (APR
                                                                                   TURMERIC (APR)

    Trend              • Consolidate                                         Trend             • Consolidate
  Strategy             • Buy on dips                                       Strategy            • Sell on highs
                       • R2 - 2490                                                             • R2 - 10650
 Resistance                                                                Resistance
                       • R1 - 2450                                                             • R1 - 10450
                       • S1 - 2380                                                             • S1 - 10050
   Support                                                                  Support
                       • S2 - 2350                                                             • S2 - 9900




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