Daily Newsletter Newsletter-Agri Agri Commodity 24/08/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP RM seed edges higher on limited stocks Chana ends down on profit booking Soy oil up on positive global cues Guar gum ends up on fresh buying Guar seed edges up on weak sowing Pepper ends down marginally to profit booking Turmeric hits lower circuit & contract low
Pepper rebounded smartly today from its low to end marginally down and in intraday is expected to trade sideways to up due to lower arrival in the market while supply crunch and fresh buying will support the prices in near term. Though, profit booking at higher level could cap its gains. Cardamom prices are expected to trade sideways to negative due to subdued demand in the physical market and higher arrival. Turmeric prices ended down on lower circuit hitting contract low and in intraday is expected to trade sideways to negative as higher arrival from major producing regions are keeping prices down complimented by subdued demand in the market. Guar Gum in intraday will likely continue its uptrend and trade positive due to weaker sowing and fresh buying at lower levels while positive demand outlook will support the prices at lower levels as well. Chana is expected to trade sideways to negative due to higher arrivals in the market and profit booking at higher levels. Though, fresh buying at lower level and lower production estimates can support the prices. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (SEP) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 805 • R1 - 780 • S1 - 750 • S2 - 730
Support
GUARGUM (SEP) Trend
• Consolidate • Buy on dips
Strategy
CHANA (SEP)) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 3300 • R1 - 3240
Support
• S1 - 3170 • S2 -3140 3140
GUARSEED (SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 15100 • R1 - 14750
Resistance
• R2 - 4600 • R1 - 4565
Support
• S1 - 13900 • S2 - 13550
Support
• S1 - 4460 • S2 - 4410
JEERA (SEP) Trend Strategy
• Consolidate • Buy on dips
MENTHA OIL (SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 16600 • R1 - 16250
Resistance
• R2 - 1160 • R1 - 1140
Support
• S1 - 15500 • S2 - 15100
Support
• S1 - 1110 • S2 - 1090
PEPPER (SEP) Trend Strategy
• Bullish • Buy on dips
MUSTARD SEED (SEP SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 34200 • R1 - 33500
Resistance
• R2 - 2990 • R1 - 2965
Support
• S1 - 32300 • S2 - 31500
Support
• S1 - 2920 • S2 - 2890
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (SEP)) Trend Strategy
• Consolidate • Sell on high
TURMERIC (SEP SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2465 • R1 - 2440
Resistance
• R2 - 6150 • R1 - 6050
Support
• S1 - 2410 • S2 - 2380
Support
• S1 - 5850 • S2 - 5700
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. 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. This material is for personal information and based up upon it & takes no responsibility The information given herein should be treated as only 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 encourages investors to seek the advice of a financial adviser. Money CapitalHeight eight Research Pvt Ltd. shall not be responsible for any transaction conducted based on o the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metal’s 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 aand nd does not read any views expressed as a recommendation for which either 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 nt 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 be an invitation or an offer to buy or sell any fin financial ancial 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 received directly or indirectly by them. If found so the then n Serious Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com