2. HEADLINES
Jeera futures prices fall 1.29% on weak overseas
demand
Jeera prices fell by Rs 190 to Rs 14,490 per quintal in
futures trading. Trader’s offloaded positions, triggered by
weak overseas demand. At the National Commodity and
Derivatives Exchange, jeera for delivery in November fell
by Rs 190, or 1.29 per cent, to Rs 14,490 per quintal, with
an open interest of 366 lots. Similarly, the spice for
delivery in December traded lower by Rs 102.50, or 0.68
TRADING TIP: per cent, to Rs 14,890 per quintal, with an open interest
of 17,688 lots. Market men said offloading of positions by
Sell jeera Dec speculators tracking weak overseas demand mainly led to
a fall in jeera prices at futures market.
Below 14900
TGTS 14700/14450
SL-15040 EXPERT OPINION
Buy Chana Dec STOCK S1 S2 R1 R2
CHANA 4330 4262 4434 4470
Above 4405
RM SEED 4208 4122 4352 4410
TGTS 4485/4505 SOYABEAN 3204 3162 3299 3352
SL- 4345 JEERA 14601 14372 15188 15546
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3. WEEKLY MARKET ANALYSIS
PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
NAME CHANGE
Pepper
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
Pepper prices rose by Rs 355 to Rs 41,740 per quintal in futures trade today as speculators
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
created fresh positions amid rising spot market demand. At the National Commodity and
Derivatives Exchange, pepper for delivery in November rose by Rs 355, or 0.86 per cent, to
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
Rs 41,740 per quintal, with an open interest of 1,403 lots. However, spice for delivery in
December held steady at Rs 40,855 per quintal, with an open interest of 5,757 lots. Market
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
men said an improvement in demand in the spot market mainly pushed up pepper prices at
futures trade.
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
Chilli
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
Strong demand and tight supply, chilli prices surged by Rs 136 to Rs 6,030 per quintal in
futures trade. At the National Commodity and Derivatives Exchange, chilli for delivery in
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
March surged by Rs 136, or 2.31 per cent, to Rs 6,030 per quintal, with an open interest of
910 lots. Similarly, the spice for delivery in December shot up by Rs 112, or 2.23 per cent, to
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
Rs 5,124 per quintal, with an open interest of 5,420 lots. Market men said besides strong
demand in the spot market following festive season, lower arrivals from producing belts
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
mainly led to an upsurge in chilli prices at futures market.
Turmeric
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
An unresponsive demand in the physical market and weak demand from the overseas traders
following adequate supply influenced the prices. The contract for November delivery was
trading at Rs 5350.00, down by 0.96% or Rs 52.00 from its previous closing of Rs 5402.00.
The open interest of the contract stood at 2540 lots. The contract for December delivery was
trading at Rs 5146.00, down by 2.57% or Rs 136.00 from its previous closing of Rs 5282.00.
The open interest of the contract stood at 17760.
Jeera
Jeera prices rose by 0.69 per cent to Rs 15,275 per quintal in futures trade as speculators
enlarged positions, driven by a firm spot markets trend on pickup in demand against tight
supplies. At the National Commodity and Derivatives Exchange, jeera for delivery in
December rose by Rs 105, or 0.69 per cent, to Rs 15,275 per quintal, with an open interest of
17,949 lots.
Similarly, the spice for delivery in March gained Rs 87.50, or 0.55 per cent, to Rs 15,925 per
quintal, with an open interest of 3,450 lots.
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