Daily Newsletter Newsletter-Agri Agri Commodity 20/08/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Soy oil ends higher on global cues Guar seed regains on weak sowing Pepper ends up on supply pressures Chana gains on bargain buying Cardamom extends downtrend Jeera ends higher due to lower arrivals Soybean ends up on firm demand
Chana futures is expected to trade positive to sideways due to bargain buying at lower level owing to better demand in the
physical market ahead of festivals and lower
arrival. Pepper futures are expected to trade sideways to positive due to limited stocks available in the market while exports demand will also support the prices in the near term. Guar seed is expected to trade sideways to up due to fresh buying by the traders on the back of lower acreage are, also, expectation of exports picking up in the near term will support the prices at lower level. Jeera in intraday is expected to trade sideways to up due to lower arrival in the market while its neckline of head and shoulder pattern on the daily chart will also support the prices at lower level. Soy oil ended higher and is expected to trade sideways to positive due to firm demand in edible oils in the physical market. Demand is rising in local markets for upcoming festive seasons. Turmeric is expected to trade sideways to negative due to poor demand from the domestic market while short covering can support prices in near term. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (SEP) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 830 • R1 - 805 • S1 - 770 • S2 - 750
Support
GUARGUM (SEP) Trend
• Consolidate • Sell on high
Strategy
CHANA (SEP)) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3170 • R1 - 3120
Support
• S1 - 3040 • S2 -2990 2990
GUARSEED (SEP SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14200 • R1 - 13850
Resistance
• R2 - 4510 • R1 - 4450
Support
• S1 - 13300 • S2 - 12900
Support
• S1 - 4320 • S2 - 4270
JEERA (SEP) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 16200 • R1 - 15900
Resistance
• R2 - 1180 • R1 - 1160
Support
• S1 - 15200 • S2 - 14800
Support
• S1 - 1120 • S2 - 1090
PEPPER (SEP) Trend Strategy
• Consolidate • Buy on dips
MUSTARD SEED (SEP SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 33000 • R1 - 32200
Resistance
• R2 - 2950 • R1 - 2920
Support
• S1 - 31400 • S2 - 30700
Support
• S1 - 2880 • S2 - 2850
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (SEP)) Trend Strategy
• Consolidate • Sell on high
TURMERIC (SEP SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2460 • R1 - 2430
Resistance
• R2 - 6400 • R1 - 6250
Support
• S1 - 2370 • S2 - 2340
Support
• S1 - 6050 • S2 - 5900
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 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. 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 eight Research Pvt Ltd. shall not be responsible for any transaction conducted based on o 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 aand nd 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 accepta of this disclaimer. All Rights Reserved. Investment nt 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 fin financial ancial 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 the then n Serious Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com