Daily Newsletter Newsletter-Agri Commodity 03/01/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Turmeric wipes out early gains on poor exports Pepper ends slightly up on lower exports Jeera drops on pick-up in sowing, poor exports Oilseed futures down on mild correction Soya bean zooms on global cues Guar falls on output view Chana end higher on local demand Mentha oil tumbles on short selling
Shortage of quality Turmeric crop available with the stockists will provide support to the turmeric prices in the short term. Pepper prices will depend on global Black pepper availability and demand from the overseas and domestic market. At present all the major origins at quoting around same rates. Any vagaries in weather in Jeera growing areas particularly Gujarat and Rajasthan will however provide support to the prices in the short term. Indonesia is expected to increase export tax on CPO from 15% to 20% from January onwards and improved demand in physical market ahead of winter/marriage season demand may also support the prices in the short term. In the short term, Mustard seed prices are expected to trade range bound amid subdued trading activity on lack of fresh fundamentals. Chana prices may remain firm due to lower availability of Chana with the stockists and improved demand. Guar prices may be determined by the arrivals in the domestic market. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy
• Consolidate • Sell on highs
CHANA (JAN) Trend Strategy
•Consolidate Consolidate • Buy on dips
Resistance
• R2 - 1645 • R1 - 1610
Resistance
• R2 - 2590 • R1 - 2575
Support
• S1 - 1545 • S2 - 1500
Support
• S1 - 2547 • S2 - 2510
GUARGUM (JAN) Trend Strategy
• Consolidate • Sell on highs
GUARSEED (JAN JAN) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 6550 • R1 - 6475
Resistance
• R2 - 2490 • R1 - 2460
Support
• S1 - 6300 • S2 - 6200
Support
• S1 - 2380 • S2 - 2360
JEERA (JAN) Trend Strategy
• Consolidate • Sell on highs
MENTHA OIL (JAN JAN) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 14820 •R1 - 14650
Resistance
• R2 - 1290 • R1 - 1250
Support
•S1 - 14250 •S2 - 14050
Support
• S1 - 1195 •S2 - 1175
MUSTARD SEED (JAN) Trend Strategy
• Consolidate • Sell on highs
PEPPER (JAN)) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 580 •R1 - 575
Resistance
•R2 - 23500 •R1 - 23180
Support
•S1 - 565 •S2 - 561
Support
•S1 - 22700 •S2 - 22350
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (JAN)) Trend Strategy
• Consolidate • Sell on highs
TURMERIC (APR) (APR Trend Strategy
• Bearish • Sell on highs
Resistance
•R2 - 2430 •R1 - 2415
Resistance
•R2 - 10700 •R1 - 10500
Support
•S1 - 2368 •S2 - 2340
Support
•S1 - 10050 •S2 - 99950
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 erial is for personal information and based 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. Capitalh Capitalheight eight 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 cha 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 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 o 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 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 capitalheight.wordpress.com