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Weekly Agri Commodity Report by www.capitalheight.com 24-10-2011 To 28-10-2011
Posted for Money CapitalHeight Research Pvt. Ltd. by Money CapitalHeight Research Pvt. Ltd. on October 23rd 2011 and filled under Business
 

MARKET WRAP FOR WEEKLY AGRI COMMODITY

CHANA

Chana ended up after three weeks of correction gaining on the back of fresh

buying at lower levels and short covering and is expected to continue uptrend.

Prices of Chana will take cues arrival in the market and demand in the near

term due to ongoing festivals, also, production estimates will play a key part.

JEERA

Jeera ended on a positive note pairing its last week losses as it gained due to

fresh buying, lower arrivals in the market and expected rise in export demand.

Jeera prices will take cues from its demand in the near term, both domestic

and international while lower production estimates can keep trend firm.

PEPPER

Pepper ended down after two weeks of uptrend on the back of profit booking

at higher levels as traders are waiting for a trigger to continue its uptrend in

the near future.

Pepper prices in the coming week will be depending on its demand outlook in

the near term while any decline in major producing region production

estimates can make prices rise further.

TURMERIC

Turmeric ended down as for second consecutive week as it made a evening

star previous week while fresh selling at higher levels kept prices under

pressure throughout the week.

Turmeric prices will take cues from arrivals in the market and production

estimates in the medium term while any news of higher arrivals/production

estimates will further pressurize prices.

 

TECHNICAL VIEWS

 

CHANA VIEW

 

Trend: Consolidate | Strategy: Buy On Dips

 

R1- 3460, R2- 3700 | S1- 3080, S2- 2850

 

 

 

JEERA VIEW

 

Trend: Consolidate | Strategy: Sell on High

 

R1- 14850, R2- 15200 | S1- 14050, S2- 13400

 

PEPPER VIEW

 

Trend: Bullish | Strategy: Buy on Dips

 

R1- 36500, R2- 37450 | S1- 34400, S2- 32800

 

TURMERIC VIEW

 

Trend: Consolidate | Strategy: Sell On Highs

 

R1- 5250, R2- 5600 | S1- 4900, S2- 4650

 

Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Equity Tips as well as Commodity Tips.

We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.

Our research is based around these services:

Money CapitalHeight Research Pvt Ltd always aim at providing services in accordance with the comfort levels of all traders and investors in stock market ranging from small investors to HNI’s, who trade in vast domain of share market such as Intraday, Index Trading (NIFTY & BANK NIFTY ), Equity Market, F&O, MCX, NCDEX.

 

For stock tips, commodity tips, mcx tips, equity tips, please visit our site at http://www.capitalheight.com  or please call our 24/7 Customer Care Support us at  +91 99930666240731 - 4295 - 950

Or email us at:  contact@capitalheight.com

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