Daily Newsletter-Agri Commodity 13/09/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Cardamom makes fresh annual low Chana down for 2nd consecutive day Guar gum and seed up on limited stocks Mentha oil ends down on profit booking Pepper ends up on fresh buying RM seed extends uptrend Soy bean down on profit booking Turmeric ends up on short covering
Pepper is expected to trade sideways to positive due to fresh buying at lower levels and short covering, also, lower supply from fresh crop amid strong demand outlook will support the prices. Any news of lower arrivals can make prices rise sharply in the near term. Turmeric is expected to trade sideways to positive due to short covering in the near term and expected rise in demand due to ongoing festivals though any news of higher arrivals can pressurize the prices. Jeera is likely to trade sideways to negative due to overall downward trend and fresh selling while higher arrivals in the market from fresh will also keep downward momentum in the prices. Cardamom is expected to trade sideways to negative due to subdued demand & sluggish demand outlook in the near term amid higher arrivals in the market. Mentha oil is likely to trade sideways to negative due to profit booking at higher levels & an overdue correction in the prices.
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (SEP) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 680 • R1 - 665 • S1 - 645 • S2 - 630
Support
GUARGUM (SEP) Trend
• Consolidate • Sell on high
Strategy
CHANA (SEP) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 3420 • R1 - 3260
Support
• S1 - 3290 • S2 -3215
GUARSEED (SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14300 • R1 - 14000
Resistance
• R2 - 4560 • R1 - 4490
Support
• S1 - 13600 • S2 - 13400
Support
• S1 - 4390 • S2 - 4310
JEERA (SEP) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (SEP) Trend
Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 15500 • R1 - 15250
Resistance
• R2 - 1260 • R1 - 1245
Support
• S1 - 15000 • S2 - 14650
Support
• S1 - 1220 • S2 - 1200
PEPPER (SEP) Trend Strategy
• Consolidate • Buy on dips
MUSTARD SEED (SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 35500 • R1 - 34300
Resistance
• R2 - 2950 • R1 - 2930
Support
• S1 - 33300 • S2 - 32500
Support
• S1 - 2900 • S2 - 2870
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (SEP) Trend Strategy
• Consolidate • Sell on high
TURMERIC (SEP) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2450 • R1 - 2420
Resistance
• R2 - 5300 • R1 - 5200
Support
• S1 - 2395 • S2 - 2360
Support
• S1 - 5050 • S2 - 4900
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 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 investment advice. Money CapitalHeight Research Pvt Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research Pvt Ltd. shall 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 metal’s 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 Money CapitalHeight Research Pvt Ltd. 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 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. Money CapitalHeight Research Pvt Ltd. 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