Daily Newsletter Newsletter-Agri Agri Commodity 29/06/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Chana falls on profit booking Jeera slumps on profit taking Pepper settles lower on short selling Oilseeds, soy oil rebounds on global cues Guar up on domestic demand Turmeric down on profit taking Cardamom up on profit booking
Turmeric futures are expected to trade on slightly positive because of drastic fall in prices growers are becoming reluctant in further selling of their produce. Jeera futures are expected to continue the bearish trend on poor domestic demand. Lack of active buying at spot market is likely to pull down the prices. The gains in both guar seed and gum futures have been substantial during last week. Therefore traders might take advantage of these gains and might go for profit booking. Monsoon is likely to reach Pakistan by Wednesday which might affect the Indian market sentiments. Broad based selling in oilseeds complex in both domestic & international markets is keeping a check on the upside movement. Cardamom futures are projected to continue the positive trend. Fresh buying at lower level is likely to support the prices. However, prices might take decent correction initially on profit selling on higher levels. Damage of recently sown pulse crops in Canada due to excessive rains has sent an alarming signal to the farmers not to prefer pulses for the ongoing sowing season. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (JULY) Trend Strategy Resistance
• Consolidate • Buy on dips • R2 - 880 • R1 - 865 • S1 - 835 • S2 - 820
Support
GUARGUM (JULY) Trend
• Consolidate • Buy on dips
Strategy
CHANA (JULY JULY) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 2775 • R1 - 2750
Support
• S1 - 2700 • S2 - 2660
GUARSEED (JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 11300 • R1 - 11150
Resistance
• R2 - 3650 • R1 - 3600
Support
• S1 - 10780 • S2 - 10510
Support
• S1 - 3500 • S2 - 3450
JEERA (JULY) Trend Strategy
• Consolidate • Buy on dips
MENTHA OIL (JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 14800 • R1 - 14600
Resistance
• R2 - 895 • R1 - 880
Support
• S1 - 13900 • S2 - 13650
Support
• S1 - 855 • S2 - 840
PEPPER (JULY) Trend Strategy
• Bearish • Sell on high
REFINED SOY OIL (JU JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 28100 • R1 - 27800
Resistance
• R2 - 644 • R1 - 638
Support
• S1 - 26500 • S2 - 26150
Support
• S1 - 626 • S2 - 620
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (JULY)) Trend Strategy
• Consolidate • Sell on high
TURMERIC (JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2320 • R1 - 2300
Resistance
• R2 - 7800 • R1 - 7650
Support
• S1 - 2250 • S2 - 2230
Support
• S1 - 7450 • S2 - 7300
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 in information formation 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, 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 aadviser. dviser. 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 o off 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 . Any surfing and reading of the information is the ac acceptance ceptance 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 cial 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 o 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