Daily Newsletter Newsletter-Agri Agri Commodity 20/07/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Chana rises on thin arrivals Jeera up on export demand Pepper down on stocks Oilseeds, soy oil rise on demand & positive global cues Guar remains flat Cardamom falls on profit booking Mentha oil slumps on weak industrial demand
Rape seed crop concerns in Ukraine and the lower total oil seed production by the USDA report might retain the uptrend in medium term. Jeera prices are forecast to extend the positive trend on rising export demand amid delay in Syria crop due to prevailing unrest which might support the prices. The sowing progress of Kharif pulses has been good in Maharashtra and Madhya Pradesh which is likely to have a negative impact over market sentiments. The Cardamom August futures are expected to continue to trade up on short covering. Export demand from gulf is expected to support the prices. There is some scope for upside movement on the back of a strong demand of Mentha oil from pharmaceutical companies, besides export demand. Weak monsoon progress over north-west India might further delay the Guar sowing in rain fed regions of Rajasthan which is likely to push the prices further upside. Turmeric futures may remain sideways following reports of slowdown in sowing due to poor rains in producing regions. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (AUG) Trend Strategy Resistance
• Consolidate • Buy on dips • R2 - 890 • R1 - 880 • S1 - 845 • S2 - 830
Support
GUARGUM (AUG) Trend
• Bullish • Buy on dips
Strategy
CHANA (AUG AUG) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 3030 • R1 - 3000
Support
• S1 - 2950 • S2 - 2920
GUARSEED (AUG AUG) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 13500 • R1 - 13250
Resistance
• R2 - 4260 • R1 - 4220
Support
• S1 - 12800 • S2 - 12600
Support
• S1 - 4125 • S2 - 4070
JEERA (AUG) Trend Strategy
• Bullish • Buy on dips
MENTHA OIL (JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 16600 • R1 - 16400
Resistance
• R2 - 1155 • R1 - 1135
Support
• S1 - 15700 • S2 - 15500
Support
• S1 - 1085 • S2 - 1075
PEPPER (AUG) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (AUG AUG) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 28900 • R1 - 28500
Resistance
• R2 - 3090 • R1 - 3060
Support
• S1 - 27700 • S2 - 27200
Support
• S1 - 2970 • S2 - 2955
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (AUG)) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (AUG AUG) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2465 • R1 - 2435
Resistance
• R2 - 7450 • R1 - 7350
Support
• S1 - 2350 • S2 - 2320
Support
• S1 - 7210 • S2 - 7100
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 sui them the most. Sincere efforts have been made to present the right investm investment ent perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as on only ly factor, while making investment decision. The report does not provide individually tailor-made made investment advice. Money Capitalheight Research Pvt Ltd. recommends that investors independently evaluate particular investments and strategies, and encourage encouragess investors to seek the advice of a financial adviser. Money Capitalheight Research Pvt Ltd. Ltd.shall shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDE NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Money Capitalheight Research Pvt Ltd. 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 eit the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance accepta of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Money Capitalheight Research Pvt Ltd. does not purport to o be an invitation or an offer to buy or sell any financial instrument. 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 rec received eived directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com