Daily Newsletter Newsletter-Agri Agri Commodity 09/12/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Turmeric ended down due to selling pressure Pepper tumbles on profit booking Jeera gains on short covering Soy oil declines tracking global markets India rupee rises on strong euro Guar zooms on weak arrivals Chana adds losses Cardamom tumbles on profit booking
Short term trend of Turmeric would remain volatile as traders wait for corrections for buying opportunities Lower stocks of Jeera with the domestic stockiest and reports of effect on the production and yield of Jeera will support prices in the coming weeks. Unseasonal rains in the previous month will have adverse impact on the output. Fundamentals are very strong and are likely to push Pepper upside also traders are reportedly waiting for some more dips in the short term but with demand expected to rise at lower levels, could support the rates to some extent. Corrections were noted for Mentha Oil rates as higher arrivals and fall in kept trend weak. In short term, some more dips can be expected as traders wait for corrections for fresh buy. Despite firm Soy meal export demand, prices dipped because of huge soybean stocks and high inventories. Prospects of higher production from reportedly satisfactory sowing activities in growing states kept pressure on the market sentiments for Chana.
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (DEC) Trend Strategy
• Consolidate • Sell on highs
CHANA (DEC DEC) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 1330 • R1 - 1250
Resistance
• R2 - 2550 • R1 - 2520
Support
• S1 - 1200 • S2 - 1175
Support
• S1 - 2475 • S2 - 2445
GUARGUM (DEC) Trend Strategy
• Consolidate • Buy on dips
GUARSEED (DEC DEC) Trend Strategy
•Consolidate Consolidate • Buy on dips
Resistance
• R2 - 6540 • R1 - 6400
Resistance
• R2 - 2580 • R1 - 2540
Support
• S1 - 6270 • S2 - 6150
Support
• S1 - 2430 • S2 - 2390
JEERA (DEC) Trend Strategy
• Consolidate • Sell on highs
MENTHA OIL (DEC DEC) Trend Strategy
• Bearish • Sell on highs
Resistance
•R2 - 14650 •R1 - 14590
Resistance
• R2 - 1245 • R1 - 1210
Support
•S1 - 14200 •S2 - 14050
Support
• S1 - 1160 •S2 - 1130
MUSTARD SEED (DEC) Trend Strategy
• Consolidate • Sell on highs
PEPPER (DEC)) Trend Strategy
• Consolidate • Sell on highs
Resistance
•R2 - 580 •R1 - 576
Resistance
•R2 - 23000 •R1 - 22700
Support
•S1 - 566 •S2 - 562
Support
•S1 - 22250 •S2 - 21700
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 • Sell on highs
Resistance
•R2 - 2380 •R1 - 2260
Resistance
•R2 - 15450 •R1 - 15250
Support
•S1 - 2215 •S2 - 2190
Support
•S1 - 14700 •S2 - 14500
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 investment perspective 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 only factor, whil while e 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 fin financial ancial adviser. Capitalheight shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules rule 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 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 anyon can be held responsible for or . 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 or the completeness thereof. we are not responsible onsible 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