Daily Newsletter Newsletter-Agri Commodity 31/12/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Turmeric down on output view Jeera recovers on limited stocks Cardamom falls on short selling Soy bean reverses losses Soy oil hits contract high Guar up on bargain buying Chana gains on seasonal demand
Lower carryover stocks may limit the Turmeric losses. Fresh crop may start hitting the market in next 8-10 days while peak arrivals will start from mid January. Pepper market may trade in a narrow range; reports of delay in fresh arrivals may be the supporting factor for prices. Weather conditions are now favorable for Jeera thus sowing is gradually gaining pace in major growing regions of Gujarat. So, traders are not showing interest in active buying. Dry weather in the Argentina is causing concern to the standing Soybean crop which is giving bullish impetus to the market. In the short term, Chana Price gains may be capped on positive reports of sowing and rising arrivals of Kharif pulses. The buying from the Guar gum millers can prevent steep fall in the prices. The expectation of increase in the crude oil inventory in the short term supports the increase in uptrend in the prices in short term. According to Rajasthan Agriculture Department, Mustard seed acreage as on 20th December rose 20% Y/Y to 2.66 lakh hectares. www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TEECHNICAL 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 - 2565 • R1 - 2546
Support
• S1 - 1545 • S2 - 1500
Support
• S1 - 2515 • S2 - 2505
GUARGUM (JAN) Trend Strategy
• Consolidate • Sell on highs
GUARSEED (JAN JAN) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 6550 • R1 - 6400
Resistance
• R2 - 2475 • R1 - 2430
Support
• S1 - 6200 • S2 - 6120
Support
• S1 - 2380 • S2 - 2360
JEERA (JAN) Trend Strategy
• Consolidate • Sell on highs
MENTHA OIL (JAN JAN) Trend Strategy
• Bullish • Buy on dips
Resistance
•R2 - 14820 •R1 - 14650
Resistance
• R2 - 1250 • R1 - 1230
Support
•S1 - 14240 •S2 - 14050
Support
• S1 - 1175 •S2 - 1145
MUSTARD SEED (JAN) Trend Strategy
• Consolidate • Buy on dips
PEPPER (JAN)) Trend Strategy
• Consolidate • Sell on highs
Resistance
•R2 - 583 •R1 - 580
Resistance
•R2 - 23000 •R1 - 22710
Support
•S1 - 570 •S2 - 565
Support
•S1 - 22250 •S2 - 22000
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (JAN)) Trend Strategy
• Consolidate • Buy on dips
TURMERIC (APR) (APR Trend Strategy
• Consolidate • Sell on highs
Resistance
•R2 - 2415 •R1 - 2385
Resistance
•R2 - 11020 •R1 - 10650
Support
•S1 - 2350 •S2 - 2320
Support
•S1 - 10250 •S2 - 10050
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 contain 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, while making investment decis decision. ion. 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 Capitalhe 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 pe performance. rformance. 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 anyo 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 or the comple 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 iinstrument. 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 Seriou Serious Legal Actions can be taken.
www.capitalheight.com