Daily Newsletter Newsletter-Agri Agri Commodity 06/12/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Turmeric futures ended down pepper futures end higher on low supply Jeera inches down on sowing, poor exports Oilseeds, soy oil steady Chana steady as firm demand offsets output view Guar ends higher as exporters buy India rupee rises on falling U.S. dollar Rapeseed planting in key India state to miss target
Lower stocks of turmeric till the fresh arrivals expected in the month of February will keep the prices firm in the near month contract. Prices will also take cues from the demand from the overseas and domestic buyers. Favorable weather condition in Gujarat is expected to improve the sowing process of Jeera even though the sowing was delayed due to unseasonable rains, export demand is also low. Fundamentals supported the pepper to gain and are likely to push the commodity further upside in long term. While overall fundamentals look positive for Mentha oil, traders are not ruling out some profit booking at the higher levels. After a continuous fall in prices for about three weeks, Soybean prices exhibited some signs of improvement. Continued buying support in the domestic as well as international markets is seen in soy oil futures. Export demand for the guar has increased considerably.
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (DEC) Trend Strategy
• Bullish • Buy on dips
CHANA (DEC DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 1350 • R1 - 1335
Resistance
• R2 - 2590 • R1 - 2565
Support
• S1 - 1260 • S2 - 1240
Support
• S1 - 2530 • S2 - 2495
GUARGUM (DEC) Trend Strategy
• Bullish • Buy on dips
GUARSEED (DEC DEC) Trend Strategy
• Bullish • Buy on Dips
Resistance
• R2 - 6535 • R1 - 6490
Resistance
• R2 - 2520 • R1 - 2600
Support
• S1 - 6150 • S2 - 6045
Support
• S1 - 2470 • S2 - 2430
JEERA (DEC) Trend Strategy
• Consolidate • Sell on highs
MENTHA OIL (DEC DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 14925 •R1 - 14720
Resistance
• R2 - 1310 • R1 - 1290
Support
•S1 - 14380 •S2 - 14230
Support
• S1 - 1250 •S2 - 1230
MUSTARD SEED (DEC) Trend Strategy
• Consolidate • Buy on dips
PEPPER (DEC)) Trend Strategy
• Bullish • Buy on dips
Resistance
•R2 - 586 •R1 - 582
Resistance
•R2 - 23500 •R1 - 23000
Support
•S1 - 573 •S2 - 570
Support
•S1 - 22500 •S2 - 22100
www.capitalheight.com capita pitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (DEC) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 2300 •R1 - 2280
Resistance
•R2 - 15450 •R1 - 15200
Support
•S1 - 2245 •S2 - 2225
Support
•S1 - 14600 •S2 - 14300
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. Capitalheight recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall shal 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 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 rela related to Capitalheight 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 . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy curacy 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. Capitalheight does not purport to 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 received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com capita pitalheight.wordpress.com