Daily Newsletter Newsletter-Agri Agri Commodity 07/05/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Turmeric tumbles on rising supply & poor demand Jeera hits contract low on weak overseas demand Pepper up on poor supply Soy oil extend losses tracking global market Guar down on active selling Mentha oil drops on rising arrivals Cardamom plunges on arrival pressure Chana declines on subdued demand
Reduced demand of Turmeric is expected to pressurize the prices. However, stable arrivals at spot might limit the sharp losses. Jeera futures are expected to extend the bearish trend in coming week on strong selling pressure. Rising arrivals at spot market might pressurize the prices. Investors in US and other countries are in waiting for fall in Pepper prices where they can get entry; however, there is no such scenario is expected to be seen as overall world availability is limited. Sluggish demand for oil in local market because of summer season is another bearish factor for the market. Indian market is likely to move in line with weak overseas market. Guar seed and guar gum futures might continue the positive trend during the week ahead. In the current crop season, export demand is the only factor which drives prices higher despite bumper crop. 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 - 950 • R1 - 930 • S1 - 900 • S2 - 880
Support
GUARGUM (MAY) Trend
• Bullish • Buy on dips
Strategy
CHANA (MAY MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 2380 • R1 - 2360
Support
• S1 - 2300 • S2 - 2270
GUARSEED (MAY MAY) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 9500 • R1 - 9350
Resistance
• R2 - 3250 • R1 - 3215
Support
• S1 - 9050 • S2 - 8900
Support
• S1 - 3115 • S2 - 3080
JEERA (MAY) Trend Strategy
• Consolidate • Sell on highs
MENTHA OIL (APR APR) Trend Strategy
• Bearish • Sell on highs
Resistance
• R2 - 14760 • R1 - 14550
Resistance
• R2 - 1000 • R1 - 980
Support
• S1 - 14000 • S2 - 13750
Support
• S1 - 935 • S2 - 915
PEPPER (MAY) Trend Strategy
• Consolidate • Sell on highs
REFINED SOY OIL (MAY MAY) Trend Strategy
• Consolidate • Sell on highs
Resistance
• R2 - 29500 • R1 - 28900
Resistance
• R2 - 620 • R1 - 615
Support
• S1 - 28050 • S2 - 27500
Support
• S1 - 590 • S2 - 580
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (MAY)) Trend Strategy
• Bearish • Sell on highs
TURMERIC (MAY MAY) Trend Strategy
• Bearish • Sell on highs
Resistance
• R2 - 2380 • R1 - 2350
Resistance
• R2 - 8750 • R1 - 8600
Support
• S1 - 2250 • S2 - 2225
Support
• S1 - 8270 • S2 - 8100
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