Daily Newsletter Newsletter-Agri Agri Commodity 27/04/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Turmeric down on arrivals Jeera down on arrivals Pepper down on profit booking Soya bean, soy oil tracking global market cues Chana recovers from contract low Guar rebounds Mentha oil rises on supply crunch Cardamom slumps on fresh arrivals
Turmeric prices in the intraday will trade firm due to improved buying by the market participants. Stockiest at the market are not willing to offload their stocks at lower levels. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. Export demand from gulf countries is also very poor which might weigh on sentiments. Overall trend of Pepper is bullish due to limited stocks and good demand at domestic and export front. Steady demand for soy meal in local market is likely to render support to the soybean market. Market talk of meal export enquiry from China is likely to lend support to the market. The monsoon reports might cause concerns about the increase in acreage under guar seed which affect the sentiments in the markets. The absence of any fresh export demand and the continued arrivals is exerting pressure on the prices. Arrivals of Chana are expected to be in full momentum during this month which would create good buying level at the physical markets. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (MAY) Trend Strategy Resistance
• Bearish • Sell on highs • R2 - 1040 • R1 - 1020 • S1 - 1000 • S2 - 980
Support
GUARGUM (MAY) Trend
• Consolidate • Buy on dips
Strategy
CHANA (MAY MAY) Trend Strategy
• Bearish • Sell on highs
Resistance
• R2 - 2345 • R1 - 2320
Support
• S1 - 2285 • S2 - 2265
GUARSEED (MAY MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 8900 • R1 - 8800
Resistance
• R2 - 3140 • R1 - 3100
Support
• S1 - 8550 • S2 - 8400
Support
• S1 - 3005 • S2 - 2970
JEERA (MAY) Trend Strategy
• Bearish • Sell on highs
MENTHA OIL (APR APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 15200 • R1 - 15000
Resistance
• R2 - 1115 • R1 - 1092
Support
• S1 - 14500 • S2 - 14250
Support
• S1 - 1055 • S2 - 1035
PEPPER (MAY) Trend Strategy
• Bullish • Buy on dips
REFINED SOY OIL (MAY MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 29500 • R1 - 28900
Resistance
• R2 - 635 • R1 - 630
Support
• S1 - 28000 • S2 - 27500
Support
• S1 - 615 • S2 - 610
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (MAY)) Trend Strategy
• Consolidate • Sell on highs
TURMERIC (MAY MAY) Trend Strategy
• Bearish • Sell on highs
Resistance
• R2 - 2470 • R1 - 2450
Resistance
• R2 - 9400 • R1 - 9250
Support
• S1 - 2400 • S2 - 2380
Support
• S1 - 8900 • S2 - 8700
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 responsib 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 ments and strategies, and encourages investors to seek the advice of a financial adviser. 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 of 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 n 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. Capitalheight does not purport to be an invitation or an offer to buy or sell any financial instrum 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 Lega Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com