www.capitalvia.

com

RESEARCH

WEEKLY
AGRI REPORT
Spices Down On Weak Export Demand!

04th Oct 2010 to 09th Oct 2010

www.capitalvia.com
 Weekly Report Agri
Weekly
04th Oct to 09 Oct 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

JEERA REASONS FOR MOVEMENT

JEERA CONTINUE TO TRADE DOWN ON WEAK EXPORT Weak export demand

DEMAND
Fresh arrivals
The NCDEX Jeera futures remained volatile during Thursday's trading
session. Selling pressure on account of weak domestic and export
demand supported the fall in prices. However, short covering at lower Weekly Pivots
levels sup-ported the prices and futures ended the day on slightly
positive note. However, expectations of rise in acreage under Jeera SCRIPT JEERA
crop this season have limited the gains. The NCDEX Jeera futures are R4 15453
expected to trade slightly positive during next week's trading session. R3 14831
Extended short covering is likely to support the prices. However, weak
export demand and next season crop expectations may limit the R2 14209
upside. According to APMC Unjha, total volume traded on Thursday R1 13862
was around 3750 bags against 3800 bags traded on Wednesday (Each
P 13587
bag=60 Kg). Total traded volume at spot market indicates that traders
are staying away from buying. Average daily prices at spot market of S1 13240
Unjha were almost unchanged Rs.12,950 per quintal for unclean and S2 12965
Rs.13,550 per quintal for NCDEX quality Jeera on Thursday. Arrivals at
Unjha market were reported around 3000 bags against 3200 bags on S3 12343
previous day( each bag= 60 kg) As per Spices Board data, international S4 11721
price of Jeera in New York market was $3.73 per kg during the week
ended 24th September 2010, which was higher than $2.71 per kg
quoted in the same period last year.

Weekly Chart

Last week Jeera was in consolidation and was neither able to sustain at higher levels nor at lower levels. For the next week
resistance in Jeera is found at 14000 and support at 13150.

Strategy
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 13150 then we can expect a level of 12650, and if it sustains above 14000 we can see the level of
14450.
www.capitalvia.com | 2
 Weekly Report Agri
Weekly
04th Oct to 09 Oct 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

GUARSEED REASONS FOR MOVEMENT

GUAR SEED GAINS ON EXTENDED SHORT COVERING Short Covering

Bar-Gain Buying
The Guar seed and Guar gum futures gained for second day in a row on
extended short covering and on bar-gain buying. Guar seed futures
ended in green while Gum futures shed some of the gains on poor
demand. The demand for Guar seed is emerging from stockiest and Weekly Pivots
traders while Guar gum exports demand still weak. The Guar seed and
Guar gum futures are projected to trade on a positive note next week SCRIPT GUARSEED
on follow through buying. Since the prices are near yearly low, fresh R4 2320
buying might support the prices. Higher crop expectation has already R3 2229
factored in the market Guar seed production in 2010-11 is likely to
much higher compared to last year, Though there are reports of crop R2 2138
damage, production may not decline substantially Production of Guar R1 2100
seed in 2010-11 season is likely to be in the range of 80-100 lakh bags
P 2047
against 35 lakh bags last year NCDEX warehouse stocks are at 20,767
tons of Guar seed and 18,870 tons of guar gum as on 29th September S1 2009
2010 The spot price of Guar seed is quoting at `2000-2020 per quintal S2 1956
and Guar gum at `4820-4860 per quintal.
S3 1865
S4 1774

Weekly Chart

Last week Guar seed was mostly in consolidation but we saw some good buying coming at lower levels. For the next week
resistance in Guar seed is found at 2170 and support at 1930.

Strategy
For next week traders should go for selling on higher level strategy, if Guar seed sustains below the level of 1930 we can see
the level of 1860, and above 2170 it can come up till 2240.
www.capitalvia.com | 3
 Weekly Report Agri
Weekly
04th Oct Commodity
to 09 Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

SOYABEAN REASONS FOR MOVEMENT

SOYBEAN TRENDS INDICATES BEARISH MOVEMENTS Fresh Arrivals

Better Carry Over Stock
NCDEX October Soybean futures closed lower on third consecutive day
due to fresh arrivals of Soybean in major markets amid favorable
weather conditions. Spread between NCDEX October and November
contract is Rs 17.00 against previous day of Rs 32.50 per 100 Kg. CBOT Weekly Pivots
November Soybean futures ended lower at $ 10.99/bushels on
Wednesday, down 11.00 cents/bushel as compared to previous close. SCRIPT SOYABEAN
CBOT December Soybean meal futures ended lower at $ 307.50/ton R4 2324
on Wednesday, down $1.00/tonne as compared to previous close. R3 2227
According to the Central Organization for Oils Industry and Trade
(COOIT), India's Soy meal exports are expected to rise 43 percent to 4 R2 2131
million tonnes in the new season that begins in October. R1 2093
P 2034
S1 1996
S2 1938
S3 1841
S4 1745

Weekly Chart

Last week Soybean was mostly in downtrend and even closed near its weekly low. For the next week Soybean has resistance at
2110 and support at 1920.

Strategy
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 1920 we can see the level of 1875, and on the up side if it sustains above the level of 2110 we can see
Soybean at 2150 level.
www.capitalvia.com | 4
 Weekly Report Agri
Weekly
04th Oct Commodity
to 09 Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

CHANA REASONS FOR MOVEMENT

CHANA TRADES UP ON FRESH BUYING Emerging Demand

Fresh Buying
The Chana futures staged a strong rally on Thursday on emergence of
fresh buying. Traders and investors bought Chana futures anticipating
pick up in retail demand in near term ahead of festive season in India.
Spot markets remained subdued on poor trade participation. Weekly Pivots

The Chana futures are expected to trade on a positive note on follow SCRIPT CHANA
through supported by emerging demand from retail sector Stockiest are R4 2337
buying Chana futures anticipating revival in retail demand in near term as R3 2231
the festive season is approaching in India Recent fall in the prices has
been attracting fresh buying from investors and traders Spot market is R2 2126
likely to witness a firm demand as stockiest are actively buying R1 2057
anticipating revival in de-mand for the produce Lower supply of the
P 2020
produce in the spot market will also support the prices decline in
warehouse stocks is indicating strong demand from dal millers Chana S1 1951
inventory at NCDEX warehouses declined to 42,696 tons on 29th S2 1915
September from 43,929 tons re-ports on 28th September 2010.
S3 1809
S4 1704

Weekly Chart

Last week Chana was mostly in a consolidation phase but we saw some good buying at lower levels in the last two days of the
week. For the coming week Chana has resistance at 2322 and support at 2160.

Strategy
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 2160 level we can see it at 2090 and above 2322 we can expect the level of 2380.
www.capitalvia.com | 5
 Weekly Report Agri
Weekly
04th Oct Commodity
to 09 Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Weekly Pivots

Script R3 R2 R1 PP S1 S2 S3

JEER A 14831.00 14209.00 1386 2.00 13587.00 13240.00 12965.00 12343 .00

TURMERIC 15546.67 14642.67 1431 1.33 13738.67 13407.33 12834.67 11930 .67

PEPPER 20950.33 19973.33 1936 9.67 18996.33 18392.67 18019.33 17042 .33

SOYABEAN 2231.83 2126.33 2057.17 2020.83 1951.67 1915.33 1809.83

GUARGUM 5060.67 4907.67 4849.33 4754.67 4696.33 4601.67 4448.67

GUARSEED 2229.67 2138.67 2100.33 2047.67 2009.33 1956.67 1865.67

CHANA 2424.33 2349.33 2316.67 2274.33 2241.67 2199.33 2124.33

Script R3 R2 R1 PP S1 S2 S3

MUSTARD 582.30 56 3.50 551.30 544.70 532.50 525.90 507.10

SEED
KAPAS 738.70 72 2.80 714.70 706.90 698.80 691.00 675.10

GUR 1023.20 98 4.40 970.20 945.60 931.40 906.80 868.00

CARDAMOM 1192.93 112 3.53 1086.77 1054.13 1017.37 984.73 915.33

CRUDE 437.03 42 8.13 422.37 419.23 413.47 410.33 401.43

PALM OIL
REFINED 530.18 51 0.23 497.37 490.28 477.42 470.33 450.38
SOYA OIL
MENTHA OIL 942.67 90 7.47 893.53 872.27 858.33 837.07 801.87

www.capitalvia.com | 6
 Weekly Report Agri
Weekly
04th Oct Commodity
to 09 Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them
the most.

Investment in Commodity has its own risks. Sincere efforts have been made to present the right investment perspective. The
information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for
the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss
incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the
recommendations above.

The stock price projections shown are not necessarily indicative of future price performance. The information herein, together
with all estimates and forecasts, can change without notice.

CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.

Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.

It is understood that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held responsible for.

Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or
Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal
Actions can be taken.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

www.capitalvia.com | 7