Daily Newsletter Newsletter-Agri Agri Commodity 04/12/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Turmeric hits lower circuit Pepper higher; seen opening up on poor stock Jeera plunges on short selling Oilseeds, soy oil seen steady, eyes global market Chana flat as demand offsets output hopes, seen soft Guar falls on arrivals; seen opening steady India rupee rises on U.S. dollar
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. There are reports of delayed sowing of Jeera in major growing belts in Gujarat and lower stocks are available with traders and stockiest amid crop loss in other countries. This is likely to support the spice from further falling in near term also demand from the domestic and overseas buyers is expected in the coming days. 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.
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 • Sell on highs
Resistance
• R2 - 1280 • R1 - 1260
Resistance
• R2 - 2545 • R1 - 2525
Support
• S1 - 1220 • S2 - 1200
Support
• S1 - 2485 • S2 - 2475
GUARGUM (DEC) Trend Strategy
• Consolidate • Buy on dips
GUARSEED (DEC DEC) Trend Strategy
• Bearish • Buy on Dips
Resistance
• R2 - 6280 • R1 - 6245
Resistance
• R2 - 2520 • R1 - 2480
Support
• S1 - 6060 • S2 - 5970
Support
• S1 - 2320 • S2 - 2270
JEERA (DEC) Trend Strategy
• Consolidate • Sell on highs
MENTHA OIL (DEC DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 15065 •R1 - 14815
Resistance
• R2 - 1310 • R1 - 1290
Support
•S1 - 14425 •S2 - 14300
Support
• S1 - 1250 •S2 - 1230
MUSTARD SEED (DEC) Trend Strategy
• Consolidate • Buy on dips
PEPPER (DEC)) Trend Strategy
• Bullish • Buy on dips
Resistance
•R2 - 582 •R1 - 576
Resistance
•R2 - 23500 •R1 - 23000
Support
•S1 - 566 •S2 - 562
Support
•S1 - 22500 •S2 - 22100
www.capitalheight.com capita pitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (DEC) Trend Strategy
• Consolidate • Sell on highs
TURMERIC (DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 2300 •R1 - 2280
Resistance
•R2 - 15900 •R1 - 15500
Support
•S1 - 2245 •S2 - 2225
Support
•S1 - 14800 •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 sui 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 upon it & takes no responsib 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 ments and strategies, and encourages investors to seek the advice of a financial 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 n 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 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 instrum 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 Lega Legal Actions can be taken.
www.capitalheight.com capita pitalheight.wordpress.com