Daily Newsletter-Agri Commodity 11/10/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Cardamom rebound on short covering Turmeric ends up, hits upper circuit Jeera ends down on fresh selling RM Seed up on festive demand Chana up on short covering Pepper up on fresh buying Mentha oil up on strong demand Guar gum & seed up on short covering
Turmeric is expected trade sideways to positive due to short arrival in the market amid ongoing festival season will support the price on lower level. Jeera is likely to trade sideways to negative due overall weak trend and weak export demand in the market while expectation of better production from fresh crop limited its upside. Pepper is expected to trade sideways to positive due to strong domestic and export demand and thin supply in the market and expected low production will support the price on lower level. Mentha oil is expected to trade sideways to positive due to back on strong domestic demand from Pharmaceutical industry amid limited stock from producing regions keep the momentum uptrend. Cardamom is expected to trade sideways to positive due to back on strong domestic demand and ongoing festival season amid higher arrival from fresh crop will pressurize the price on lower level.
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (OCT) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 724 • R1 - 710 • S1 - 695 • S2 - 681
Support
GUARGUM (OCT) Trend
• Consolidate • Sell on high
Strategy
CHANA (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 3100 • R1 - 3040
Support
• S1 - 2980 • S2 - 2920
GUARSEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 13750 • R1 - 13485
Resistance
• R2 - 4700 • R1 - 4610
Support
• S1 - 13220 • S2 - 12950
Support
• S1 - 4520 • S2 - 4430
JEERA (OCT) Trend Strategy
• Consolidate • Sell on high
MENTHA OIL (OCT) Trend
Strategy
• Bullish • Buy on dips
Resistance
• R2 - 14850 • R1 - 14560
Resistance
• R2 - 1410 • R1 - 1390
Support
• S1 - 14270 • S2 - 13980
Support
• S1 - 1360 • S2 - 1335
PEPPER (OCT) Trend Strategy
• Consolidate • Sell on high
MUSTARD SEED (OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 37750 • R1 - 37050
Resistance
• R2 - 2850 • R1 - 2805
Support
• S1 - 36300 • S2 - 35600
Support
• S1 - 2750 • S2 - 2690
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (OCT) Trend Strategy
• Consolidate • Sell on high
TURMERIC (OCT) Trend Strategy
• Bearish • Sell on high
Resistance
• R2 - 2130 • R1 - 2090
Resistance
• R2 - 5590 • R1 - 5490
Support
• S1 - 2050 • S2 - 2010
Support
• S1 - 5380 • S2 - 5280
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