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WEEKLY
REPORTS

Where Market Can Move

Next Week...

A G R I

| 27th Dec 2010 - 01st Jan 2011

Spices Gain on
Short Covering !
27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

JEERA

Technical Analysis
Fundamental Overview
JEERA TRADES UP ON REDUCED ARRIVALS Reasons for Movement

S
hort coverings by the market participants led prices to end
positively at end of the week. Dull demand from the overseas and
Demand from the overseas
domestic will keep prices range bound with negative bias in the
coming weeks. Any disturbances in weather in Jeera growing areas Sowing progress in India
particularly Gujarat and Rajasthan will however provide support to the
prices in the short term. Too much cold and rains in the growing areas
will spoil the standing crop. In medium to long term (January onwards),
Jeera prices will depend on the demand from the overseas and
domestic buyers and sowing progress in the major Jeera growing areas

2 particularly Rajasthan and Gujarat. Jeera prices will also take cues from
the price parity of major origins particularly Syria and Turkey in the
international market. In the short term (till December), trend will depend
on Jeera price parity of various origins in international market and
stocks of Jeera with local stockists. In the medium to long term
(January onwards) prices are likely to take cues from sowing progress
in India and demand from the overseas and domestic buyers.ember
2010 against $2.93 per kg quoted in the same period last year.
Agri Report

Daily Chart
Weekly Pivots

Script Levels
R3 14752
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R2 14368
R1 14178
PP 13984
S1 13794
Figure: 1 Jeera

S2 13600
S3 13216

Market Overview Strategy

Jeera remained in consolidation for
the entire previous week and was
neither sustaining at higher levels nor
at lower and we saw good selling
pressure above the level of 14000.
For the next week Jeera has
resistance at 14330 and support at
13700.
Jeera is in a consolidation phase
and one should use the strategy of
selling on higher levels. If in the
coming week Jeera sustains below
the level of 13700 then we can
expect the level of 13500, and if it
sustains above 14330 we can see
the level of 14540.
27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

GUARSEED

Technical Analysis
Fundamental Overview
GUAR DECLINES ON INCREASED ARRIVALS Reasons for Movement

C
rawling demand from the overseas for Guar and its products at
higher levels and improved arrivals weighed on the prices yesterday.
Further, increase in the arrivals will cap resist prices from trading Higher Arrivals
higher. Arrivals, which stands at around 125-130 lakh bags in the current Sluggish demand
season is much higher as compared to last year. Exports of Guar and its by
product which stood at around 2.10 lakh tonnes during the previous year is
expected to rise in the current fiscal to around 2.6-2.8 lakh tonnes. A
reviving world economy and a preference shift to eco-friendly substitutes
has seen a surge in demand for Indian Guar gum from oil and gas
companies that could push exports up 22 percent in 2010/11. Spread

3 between January and February contract is Rs.43/qtl as compared to

Rs.40/qtl the previous day. In the intraday Guar prices are expected to
trade bearish due to improved arrivals and weak demand for Guar and its
products. However, in the short term (1-2 week), prices may be determined
by the arrivals in the domestic market. In the medium term trend would
depend on the pace of arrivals, the demand from the overseas markets and
the movement of Indian Rupee against US dollar.
Agri Report

Daily Chart
Weekly Pivots

Script Levels
R3 2818
R2 2642
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R1 2561
PP 2466
S1 2385
Figure: 1 Jeera

S2 2290
S3 2114

Market Overview Strategy

Last week Guarseed was initially
bullish for the first three days but in
the later part of the week we saw
profit booking coming at higher
levels. For the next week resistance
in Guar seed is found at 2625 and
support at 2365.
For next week in Guar seed traders
should go for buying at lower levels
strategy, if Guar seed sustains
above the level of 2625 we can see
the level of 2675, and below 2365 it
can touch the level of 2320.
27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

SOYABEAN

Technical Analysis
Fundamental Overview
SOYBEAN ZOOMS ON GLOBAL CUES Reasons for Movement

N
CDEX January Soybean futures closed higher on 3rd
consecutive day, tracking firm global cues on concern of dry Improved demand
weather in Argentina and strike at Soybean plants in Argentina Lower production
also added bullish market sentiments. estimates
CBOT March Soybean futures ended higher at $ 13.60/bushels on
Thursday, up 20 cents/bushel as compared to previous close.
CBOT March Soybean meal futures ended at $ 363.40/ton on
Thursday, up $7/tonnes as compared to previous close. Spread

4 between NCDEX January and February contract is Rs 65.00 against

previous day of Rs 63.50 per 100 Kg. For Intraday, Soybean prices are
expected to trade slightly higher on improved demand from solvent
extractors and lower production estimates in Argentina as dry weather
concern also in favour of bulls.Supply Demand Estimates report
scheduled for release at 7 PM IST.
Agri Report

Daily Chart
Weekly Pivots

Script Levels
R3
www.capitalvia.com

2398
R2 2330
R1 2294
PP 2262
S1 2226
Figure: 1 Jeera

S2 2194
S3 2126

Market Overview Strategy

Last week Soybean was in a
downward consolidation phase and
was not sustaining at higher levels
but we saw some short covering
coming on the last day of the week.
For the next week Soybean has
resistance at 2365 and support at
2195.
Soybean is in a consolidation phase
on charts and one should look for
selling opportunities at higher
levels, if Soybean sustains below
the level of 2195 we can see the
level of 2150, and on the up side if it
sustains above the level of 2365 we
can see Soybean at 2400 level.
27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

CHANA

Technical Analysis
Fundamental Overview
CHANA TUMBLES ON SUBDUED DEMAND Reasons for Movement

L
ong liquidation by the market participants led prices to end
negatively yesterday. Revival of demand from the local stockists
Positive reports on sowing
and reports of crop damage in A.P and Karnataka may provide progress
support to the prices in the short term. However, positive reports on
Revival of demand
sowing progress will cap the upside. Steep decline in Australia chick
pea production has delayed the shipments thereby supporting Chana
prices at the domestic market. Given the current scenario, overall
acreage is still expected higher due to increased MSP and better soil
moisture level. Thus long term trend would depend on the weather

5 conditions and thereby the production estimates. Spread between

January and February contract is Rs.14/qtl as compared to Rs.1/qtl
yesterday. In the intraday prices may trade with positive bias due to
demand from the local stockists. In the short to medium term (one
month), Price gains may be capped due to rising arrivals of Kharif
pulses. Long term trend in Chana futures may depend on the reports
sowing of Rabi Pulses which is presently expected to be higher due to
increase in MSP of Pulse. Also, weather during the crop development
period may be crucial for the deciding the further trend of Chana
futures.
Agri Report

Daily Chart
Weekly Pivots

Script Levels
R3 2655
www.capitalvia.com

R2 2598
R1 2563
PP 2541
S1 2506
Figure: 1 Jeera

S2 2484
S3 2427

Market Overview Strategy

Last week in Chana we saw buying
coming at lower levels in the initial
stages of the week but good profit
booking was seen on Saturday and it
erased most of the previous gains.
For the coming week Chana has
resistance at 2595 and support at
2500.
Overall trend of Chana is of
consolidation and one should go for
selling at higher levels strategy in it.
For the coming week if Chana
sustains below 2500 level we can
see it at 2465 and above 2595 we
can expect the level of 2620.
27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

Weekly Market Update

Symbol Exch- Expiry Commodity Price Unit Previous Open High Low Close Qty. Net Open Weekly
ange Date Name Close Traded Interest TurnOver *
(Rs. in Lakhs)

JEERAUNJHA NCDEX 20-JAN-11 JEERA RS/QUINTAL 14000 14034 14235 13770 14030 23070 30 11511 35,306.69

PPRMLGKOC NCDEX 20-JAN-11 PEPPER RS/QUINTAL 22158 22130 22192 21360 22025 31595 -133 10837 56,519.45

TMCFGRNZM NCDEX 20-Apr- 11 TURMERIC RS/QUINTAL 9946 9920 10840 9920 10610 24025 664 5450 18,650.71

GARSEDJDR NCDEX 20-JAN-11 GUARSEED RS/QUINTAL 2480 2467 2503 2381 2415 844420 -65 168190 151,997.43

GARGUMJDR NCDEX 20-JAN-11 GUARGUM RS/QUINTAL 6419 6381 6470 6130 6225 66505 -194 16590 31,966.17

CHARJDDEL NCDEX 20-JAN-11 CHANA RS/QUINTAL 2532 2528 2590 2513 2525 395730 -7 111330 82,133.72

6 SYBEANIDR

SYOREFIDR
NCDEX 20-JAN-11

NCDEX 20-JAN-11
SOYBEAN RS/QUINTAL 2256.5

SOY OIL RS/10KGS

REFINED
595
2260

594
2319

608.9
2238

590.2
2311

607.9
379610

442150
54.5

12.9
166850 67,909.75

123550 253,253.14

RMSEEDJPR NCDEX 20-JAN-11 RAPE MUS- RS/20KGS 563.15 563 568 557 567.7 258380 4.55 122160 54,414.93
TARD SEED

COCUDAKL NCDEX 20-JAN-11 COTTONSEED RS/QUINTAL 1013 1014 1026 998 1001 201240 -12 80290 16,214.48
OILCAKE

GURCHMUZR NCDEX 20-JAN-11 GUR RS/40KGS 979 982 1002 977.5 998 34470 19 11350 6,723.20

POTATO NCDEX 18- Mar -11 POTATO RS/QUINTAL 577.6 581 576.6 613.9 36.3 22005 1,828.01
Agri Report

621.2 60705

KAPASSRNR NCDEX 29-Apr- 11 KAPAS RS./20KG 715.9 719 745.5 717 730.1 20897 14.2 6288 27,476.43

WHTSMQDELI NCDEX 20-JAN-11 WHEAT RS/QUINTAL 1311.6 1312 1334 1312 1332.4 14330 20.8 9690 1,625.34

MENTHA OIL MCX 31-DEC-10 MENTHA OIL RS/KG 1079.9 1084.9 1142.5 1076.2 1116.2 29634 36.3 3537 116937.21

CARDAMOM MCX 15- Jan -11 CARDAMOM RS/KG 1380.2 1384.9 1547 1370 1525 14336 144.8 1436 20821.22
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* Turnover till Thursday

27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

Weekly Market Update

EXCHANGE COMMODITY CLOSING PRICE % CHANGE

NCDEX JEERA 14030 0.21

NCDEX PEPPER 22025 -0.60

NCDEX TURMERIC 10610 6.68

NCDEX GUARSEED 2415 -2.62

NCDEX GUARGUM 6225 -3.02

NCDEX CHANA 2525 -0.28

NCDEX SOYBEAN 2311 2.42

7 NCDEX

NCDEX
SOY OIL REFINED

RAPE MUSTARD SEED

607.9

567.7
2.17

0.81

NCDEX COTTONSEED OILCAKE 1001 -1.18

NCDEX GUR 998 1.94

NCDEX POTATO 613.9 6.28

Agri Report

NCDEX KAPAS 730.1 1.98

NCDEX WHEAT 1332.4 1.59

NCDEX MENTHA OIL 1116.2 3.36

NCDEX CARDAMOM 1525 10.49

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Weekly Gainers

COMMODITY EXPIRY DATE CLOSING PRICE % CHANGE

CARDAMOM 15-MAR-11 1525 10.49

TURMERIC 20-APR- 11 10610 6.68

POTATO 18-MAR-11 613.9 6.28

Weekly Losers

COMMODITY EXPIRY DATE CLOSING PRICE % CHANGE

GUARGUM 20-JAN-11 6225 -3.02

GUARSEED 20-JAN-11 2415 -2.62

COTTON SEED OIL CAKE 20-JAN-11 1001 -1.18

27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

Weekly Pivots
Scripts R3 R2 R1 PP S1 S2 S3

JEERA 14941.67 14476.67 14253.33 14011.67 13788.33 13546.67 13081.67

(JAN)
PEPPER 23523.00 22691.00 22358.00 21859.00 21526.00 21027.00 20195.00
(JAN)
TURMERIC 12296.67 11376.67 10993.33 10456.67 10073.33 9536.67 8616.67
(APR)
GUARSEED 2918.00 2696.00 2548.00 2474.00 2326.00 2252.00 2030.00
(JAN)
GUARSGUM 6955.00 6615.00 6420.00 6275.00 6080.00 5935.00 5595.00
(JAN)

8 CHANA
(JAN)
SOYBEAN
2696.67

2451.33
2619.67

2370.33
2572.33

2340.67
2542.67

2289.33
2495.33

2259.67
2465.67

2208.33
2388.67

2127.33
(JAN)
REFINED SOYA OIL 639.73 621.03 614.47 602.33 595.77 583.63 564.93
(JAN)

MUSTARD 586.23 575.23 571.47 564.23 560.47 553.23 542.23

(JAN)
Agri Report

COTTONSEED 1064.33 1036.33 1018.67 1008.33 990.67 980.33 952.33

OIL CAKE (JAN)
GUR 1041.50 1017.00 1007.50 992.50 983.00 968.00 943.50
(JAN)
POTATO 693.10 648.50 631.20 603.90 586.60 559.30 514.70
(MAR)

KAPAS 787.87 759.37 744.73 730.87 716.23 702.37 673.87

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(APR)
MENTHA OIL 1244.23 1177.93 1147.07 1111.63 1080.77 1045.33 979.03
(DEC)

CARDAMOM 1834.67 1657.67 1591.33 1480.67 1414.33 1303.67 1126.67

(JAN)
27th Dec 2010 Weekly Reports
- 01st Jan 2011
AGRI

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