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    Pepper

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    Manjunath Prasad
    In a seasonal report on pepper prices from April 2011, the author: 1) Recapped their February prediction that pepper prices would dip after reaching 26,000 but not fall below 21,500-20,800. 2) Noted prices did briefly dip below 22,000 as expected before resuming an upward trend. 3) Based on new technical analysis, predicts pepper prices on the NCDEX may have completed an upward cycle and are poised to fall before resuming the overall uptrend.

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    Pepper

    Uploaded by

    Manjunath Prasad
    12 views2 pages
    In a seasonal report on pepper prices from April 2011, the author: 1) Recapped their February prediction that pepper prices would dip after reaching 26,000 but not fall below 21,500-20,800. 2) Noted prices did briefly dip below 22,000 as expected before resuming an upward trend. 3) Based on new technical analysis, predicts pepper prices on the NCDEX may have completed an upward cycle and are poised to fall before resuming the overall uptrend.

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    In a seasonal report on pepper prices from April 2011, the author: 1) Recapped their February prediction that pepper prices would dip after reaching 26,000 but not fall below 21,500-20,800. 2) Noted prices did briefly dip below 22,000 as expected before resuming an upward trend. 3) Based on new technical analysis, predicts pepper prices on the NCDEX may have completed an upward cycle and are poised to fall before resuming the overall uptrend.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    12 views2 pages

    Pepper

    Uploaded by

    Manjunath Prasad
    In a seasonal report on pepper prices from April 2011, the author: 1) Recapped their February prediction that pepper prices would dip after reaching 26,000 but not fall below 21,500-20,800. 2) Noted prices did briefly dip below 22,000 as expected before resuming an upward trend. 3) Based on new technical analysis, predicts pepper prices on the NCDEX may have completed an upward cycle and are poised to fall before resuming the overall uptrend.

    Copyright:

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    Pepper Report /April 2011

    SEASONAL REPORT on PEPPER - Update

    In our Seasonal Report on Pepper released in February, we had rightly anticipated, using DeMark Studies that the bull run in Pepper, that was ensuing in February would slow down once in the 26000 vicinity and that prices would take a dip. Our Elliott wave studies had identified this as the wave 4 of the primary wave, and expected such corrective move to refrain from extending beyond 215-20800 levels. In the weeks following the release of this report, Pepper prices fell and briefly dipped below 22000 before pulling back and embarking on the next powerful move that was anticipated to test 29000 levels. In an adjustment to this view, our present studies using DeMark Tools show that the rally in May futures (NCDEX Pepper) may have completed count 13, and is suggestive of a fall before resuming uptrend. Click here to view our original Seasonal Report published on 11 th February 2011

    Trading Call: SELL PEPPERncdexMAY at present levels (CMP 27435), TGT 26840, SL above 27700.

    www.geojitcomtrade.com

    Commodity Research Desk , Kochi

    Pepper Report /April 2011

    Disclaimer

    Trading/investing in Commodity Derivatives involves considerable risk and you may lose part or all of the initial investment. It is not ideal for all types of investors, and you are advised to seek professional assistance before the same. Past performance may not necessarily be repeated in the future. The news and views posted on this report are based on information, which are believed to be accurate. They are provided to enable you to make your own investment decisions and should not be construed as investment advice. The author, directors and/or employees of Geojit Comtrade cannot be held responsible for the accuracy of the content posted on this report or for decisions taken by the readers based on such information.

    Contact Us

    Geojit Comtrade Limited


    Door No. XXXVI/1567, Canal Road, Kaloor, Kochi, India-682016. Phone: +91 484 2401224/5 Fax: +91 484 2402482 Email: research@geojitcomtrade.com, customercare@geojitcomtrade.com

    MCX Member code: 40220 FMC No.: MCX/TCM/CORP/1710 NCDEX Member code : 00920 FMC No.:NCDEX/TCM/CORP/0895 NMCE Member code : CL0324 FMC No.: NMCE/TCM/CORP/0245 NSEL Member Code : 12770

    www.geojitcomtrade.com

    Commodity Research Desk , Kochi

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