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WEEKLY
REPORTS

Where Market Can Move

Next Week...

A G R I
| 06th Dec - 11th Dec. 2010
Spices Trades up
on Extended Buying!
06th - 11th Dec
Weekly Reports
AGRI

JEERA

Technical Analysis
Fundamental Overview
JEERA TUMBLES ON PROFIT BOOKING Reasons for Movement

T
he Jeera futures staged a rally in prices last week. Futures
opened on marginally positive note on short covering. Prices
Stable demand at spot market
remained range bound during the starting days of the week and
also took small corrections. However, prices reversed back in the Slow sowing progress
direction on fresh buying. Prices traded higher for rest of the days. The
Jeera futures are projected to extend upside movement for next week.
Continued buying at futures platform is likely to support the price.
Stable demand at spot market and reports of slow sowing progress
may further add to the upside. However, profit booking at higher levels

2 cannot be overruled. As per data released by Spices Board, Jeera

export target for year 2010-11 is around 40,000 tons up by 11,000 tons
from last year's target. Average daily prices at spot market of Unjha
were 13,500 per quintal on good demand. Arrivals reported were
around 3000-4000 bags (each bag= 60 Kg.). As per Spices Board
data, international price of Jeera in New York market was $3.53 per kg
during the week ended 19th November 2010 against $2.93 per kg
quoted in the same period last year.
Agri Report

Daily Chart
Weekly Pivots

Script Levels
R3 16068
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R2 15268
R1 14921
PP 14468
S1 14121
Figure: 1 Jeera

S2 13668
S3 12868

Market Overview Strategy

Jeera was in consolidation for most
part of the week but we saw some
good buying coming at lower levels
at the end of the week. For the next
week Jeera has resistance at 15540
and support at 14000.
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 14000 then we can
expect a level of 13700, and if it
sustains above 15540 we can see
the level of 15915.
06th - 11th Dec
Weekly Reports
AGRI

GUARSEED

Technical Analysis
Fundamental Overview
GUAR TUMBLES ON PROFIT BOOKING Reasons for Movement

A
fter making a high of Rs. 2503 per qtl in the last week, Guar futures
are moving southwards due to profit booking and arrival pressure of
fresh crop. Exports of Guar and its by product which stood at around Fresh arrivals
2.10 lakh tonnes during the previous year is expected to rise in the current Poor export demand
fiscal to around 2.5-2.6 lakh tonnes. According to the survey, a reviving
world economy and a preference shift to eco-friendly substitutes has seen
a surge in demand for Indian Guar seed from oil and gas companies that
could push exports up 22 percent in 2010/11. Spread between December
and January contract is Rs.41 In the short term (1-2 week), Prices are
expected to move southwards on arrival pressure of fresh crop and poor

3 export demand of Guar seed at these levels. 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 2756
R2 2589
www.capitalvia.com

R1 2508
PP 2422
S1 2341
Figure: 1 Jeera

S2 2255
S3 2088

Market Overview Strategy

As we mentioned last week Guar
seed did broke the important support
of 2580 and did our target of 2350 but
was not able to sustain at lower level
and we saw good short covering at
the end of week. For the next week
resistance in Guar seed is found at
2565 and support at 2285.
For next week in Guar seed traders
should go for buying at lower levels
strategy, if Guar seed sustains
above the level of 2565 we can see
the level of 2600, and below 2330 it
can touch the level of 2285.
06th - 11th Dec
Weekly Reports
AGRI

SOYABEAN

Technical Analysis
Fundamental Overview
SOYBEAN RISES ON OVERSEAS MARKET Reasons for Movement

N
CDEX January Soybean futures ended the week in green,
tracking firm overseas market. Spread between NCDEX
December and January contract is Rs 64.50 For next week, Better export figures
soybean prices are expected to trade slightly higher on account of firm Lower yield
tracking international prices. In the long term, prices are expected to
move northward due to bullish USDA's monthly supply and demand
report as USDA unexpectedly lowered its yield estimate for the 2010/11
US soybean crop and lowered ending stocks of US soybean due to
strong export demand, lower yield and better export figures of
domestic soy meal in the month of October are also in favour of the

4 bulls.

Daily Chart
Agri Report

Weekly Pivots

Script Levels
R3 2367
R2 2311
www.capitalvia.com

R1 2285
PP 2255
S1 2229
Figure: 1 Jeera

S2 2199
S3 2143

Market Overview Strategy

Last week Soybean was in
consolidation for most part of the
week but it was not able to sustain at
higher levels. For the next week
Soybean has resistance at 2300 and
support at 2200.
Soybean is in an upper
consolidation phase on charts and
one should look for buying
opportunities at lower levels, if
Soybean sustains above the level of
2300 we can see the level of 2340,
and on the down side if it sustains
below the level of 2200 we can see
Soybean at 2170 level.
06th - 11th Dec
Weekly Reports
AGRI

CHANA

Technical Analysis
Fundamental Overview
CHANA GAINS ON TIGHT SUPPLY Reasons for Movement

C
hana futures traded negative throughout the week affected by
the progress of sowing and arrivals of the kharif pulses. The
Increase in acreage
market sentiments were affected by the increase in acreage by
55% in Rajasthan. The prices at Indore spot market was down by Arrivals of kharif pulses
`40/quintal to `2360/quintal. The Chana futures are expected to extend
the bearish trend for the week. The arrivals of kharif pulses are bringing
down the prices of the Chana prices at the spot and affecting the
market sentiments. This effect on prices can be witnessed on the
futures market also. As on 29th November 2010, acreage of Chana in

5 the Rajasthan has increased by 55% Y/Y to 11.81 lakh hectares.

However, in Andhra Pradesh area under Chana is down 10.34 % Y/Y to
5.2 lakh hectare as on 1st December. According to the crop
seasonality December to February is the lean season for Chana but
good marriage season demand during the same season can be seen.
This demand is met by stocks and imports from Canada and Australia.
The imports from Australia are not likely to be at the 2 lakh tons as
expected, because of the crop damage.
Agri Report

Daily Chart
Weekly Pivots

Script Levels
R3 2655
www.capitalvia.com

R2 2588
R1 2546
PP 2521
S1 2479
Figure: 1 Jeera

S2 2454
S3 2387

Market Overview Strategy

Last week Chana took resistance of
the important level of 2560 and
reversed from that level. Chana was
in a tight range for the whole week
and was not sustaining at higher
levels. For the coming week Chana
has resistance at 2565 and support at
2475.
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 2475 level we can
see it at 2440 and above 2565 we
can expect the level of 2590.
06th - 11th Dec
Weekly Reports
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-Dec-10 JEERA RS/QUINTAL 14320 14310 14815 14015 14575 41388 255 7443 59,477.07

PPRMLGKOC NCDEX 20-Dec-10 PEPPER RS/QUINTAL 21746 21710 22791 21710 22701 42432 955 9413 94,184.68

TMCFGRNZM NCDEX 20-Dec-10 TURMERIC RS/QUINTAL 15776 16088 16350 14426 15310 32030 -466 5525 49,411.18

GARSEDJDR NCDEX 20-Dec-10 GUARSEED RS/QUINTAL 2496 2510 2540 2377 2469 776170 -27 128700 189,786.49

GARGUMJDR NCDEX 20-JAN-10 GUARGUM RS/QUINTAL 6136 6225 6244 5821 6141 79855 5 40625 48,192.05

CHARJDDEL NCDEX 20-Dec-10 CHANA RS/QUINTAL 2527 2523 2563 2496 2505 276430 -22 80480 69,895.55

6 SYBEANIDR

SYOREFIDR
NCDEX 20-JAN-10

NCDEX 20-Dec-10
SOYBEAN RS/QUINTAL 2273.5

SOY OIL RS/10KGS

REFINED
574.6
2283

576
2344

599.45
2271

576
2323

593
412140 49.5

547690 18.4
225320

127320
95,080.81

322,664.67

RMSEEDJPR NCDEX 20-Dec-10 RAPE MUS- RS/20KGS 565.7 566.7 575.4 564 572.8 246840 7.1 123680 70,391.53
TARD SEED

COCUDAKL NCDEX 20-Dec-10 COTTONSEED RS/QUINTAL 1007 1006 1042 995 1040 208680 33 62470 21,142.36
OILCAKE

GURCHMUZR NCDEX 20-Dec-10 GUR RS/40KGS 930.2 929 934.2 922.4 927.5 31130 -2.7 13280 7,229.31

POTATO NCDEX 18-Mar-11 POTATO RS/QUINTAL 612.8 612 590.5 593.6 44355-19.2 19980 2,708.06
Agri Report

631

KAPASSRNR NCDEX 29-Apr-11 KAPAS RS./20KG 709.8 708 722 705.6 719.5 14007 9.7 5888 20,040.34

WHTSMQDELI NCDEX 20-Dec-10 WHEAT RS/QUINTAL 1288.2 1289 1292.8 1287.6 1290.4 5210 2.2 15940 672.22

MENTHA OIL MCX 31-DEC-10 MENTHA OIL RS/KG 1222.7 1227 1289.9 1225.2 1263.7 23351 41 5054 105037.44

CARDAMOM MCX 15-Dec-10 CARDAMOM RS/KG 1111.8 1124.9 1260 1120 1248.7 9526 136.9 988 11452.55
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06th - 11th Dec
Weekly Reports
AGRI

Weekly Market Update

EXCHANGE COMMODITY CLOSING PRICE % CHANGE

NCDEX JEERA 14575 1.78

NCDEX PEPPER 22701 4.39

NCDEX TURMERIC 15310 -2.95

NCDEX GUARSEED 2469 -1.08

NCDEX GUARGUM 6141 0.082

NCDEX CHANA 2505 -0.87

NCDEX SOYBEAN 2323 2.18

7 NCDEX

NCDEX
SOY OIL REFINED

RAPE MUSTARD SEED

593

572.8
3.20

1.26

NCDEX COTTONSEED OILCAKE 1040 3.28

NCDEX GUR 927.5 -0.29

NCDEX POTATO 593.6 -3.13

Agri Report

NCDEX KAPAS 719.5 1.37

NCDEX WHEAT 1290.4 0.17

NCDEX MENTHA OIL 1263.7 0.25

NCDEX CARDAMOM 1248.7 12.31

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Weekly Gainers

COMMODITY EXPIRY DATE CLOSING PRICE % CHANGE

CARDAMOM 15-DEC-10 1248.7 12.31

PEPPER 20-DEC-10 22701 4.39

MENTHA OIL 31-DEC-10 1263.7 3.35

Weekly Losers

COMMODITY EXPIRY DATE CLOSING PRICE % CHANGE

POTATO 18-MAR-11 593.6 -3.13

TURMERIC 20-DEC-10 15310 -2.95

GUARSEED 20-JAN-10 2469 -1.08

06th - 11th Dec
Weekly Reports
AGRI

Weekly Pivots
Scripts R3 R2 R1 PP S1 S2 S3

JEERA 16068.33 15268.33 14921.67 14468.33 14121.67 13668.33 12868.33

(DEC)
PEPPER 24562.67 23481.67 23091.33 22400.67 22010.33 21319.67 20238.67
(DEC)
TURMERIC 19210.00 17286.00 16298.00 15362.00 14374.00 13438.00 11514.00
(DEC)
GUARSEED 2788.00 2625.00 2547.00 2462.00 2384.00 2299.00 2136.00
(JAN)
GUARSGUM 6914.67 6491.67 6316.33 6068.67 5893.33 5645.67 5222.67
(JAN)

8 CHANA
(DEC)
SOYBEAN
2655.33

2458.67
2588.33

2385.67
2546.67

2354.33
2521.33

2312.67
2479.67

2281.33
2454.33

2239.67
2387.33

2166.67
(JAN)
REFINED SOYA OIL 636.38 612.93 602.97 589.48 579.52 566.03 542.58
(JAN)

MUSTARD 593.53 582.13 577.47 570.73 566.07 559.33 547.93

(DEC)
Agri Report

COTTONSEED 1119.67 1072.67 1056.33 1025.67 1009.33 978.67 931.67

OIL CAKE (JAN)
GUR 951.63 939.83 933.67 928.03 921.87 916.23 904.43
(DEC)
POTATO 686.03 645.53 619.57 605.03 579.07 564.53 524.03
(MAR)

KAPAS 748.50 732.10 725.80 715.70 709.40 699.30 682.90

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(APR)
MENTHA OIL 1389.00 1324.30 1294.00 1259.60 1229.30 1194.90 1130.20
(DEC)

CARDAMOM 1489.57 1349.57 1299.13 1209.57 1159.13 1069.57 929.57

(DEC)
06th - 11th Dec
Weekly Reports
AGRI

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