Daily Newsletter Newsletter-Agri Agri Commodity 17/06/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Chana flat on June contract expiry Jeera hits a new contract low on higher stocks Pepper falls on weak export demand Soy complex slumps on global cues Guar futures up on profit booking Mentha oil edges higher on industrial demand Cardamom falls on ample supply Turmeric falls on ample supply
Jeera is expected to continue the bearish trend on poor domestic demand. Lack of active buying at spot market is likely to pull down the prices. Pepper is projected to continue the uptrend on emergence of fresh buying at lower levels. Lower stocks available across the spot markets might also support the prices. Reports of decline in production estimates of Indonesia and Brazil might support the prices. The soy oil might resume the bearish trend as the higher supplies of the edible oils across the globe as per the USDA report is expected to have negative impact. Chana fell as speculators booked profits at high levels, driven by a sluggish spot demand, increased arrivals from producing belts also led to fall in Chana prices. Cardamom is projected to trade slightly positive. Fresh buying at lower level is likely to support the prices. Export inquiries from Gulf amid upcoming festive season might support the prices. We expect guar seed and gum to retain its downtrend. www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW CARDAMOM (JULY) Trend Strategy Resistance
• Consolidate • Sell on high • R2 - 850 • R1 - 835 • S1 - 805 • S2 - 790
Support
GUARGUM (JULY) Trend Strategy
• Consolidate • Buy on dips
CHANA (JULY LY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2660 • R1 - 2640
Support
• S1 - 2590 • S2 - 2570
GUARSEED (JULY LY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 10720 • R1 - 10600
Resistance
• R2 - 3395 • R1 - 3360
Support
• S1 - 10200 • S2 - 10050
Support
• S1 - 3285 • S2 - 3265
JEERA (JULY) Trend Strategy
• Bearish • Sell on high
MENTHA OIL (JU JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 14200 • R1 - 14000
Resistance
• R2 - 875 • R1 - 855
Support
• S1 - 13550 • S2 - 13300
Support
• S1 - 825 • S2 - 810
PEPPER (JULY) Trend Strategy
• Consolidate • Buy on dips
REFINED SOY OIL (JULY) ( Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 29400 • R1 - 29100
Resistance
• R2 - 640 • R1 - 635
Support
• S1 - 28300 • S2 - 28000
Support
• S1 - 625 • S2 - 620
www.capitalheight.com capitalheight.wordpress.com
info@capitalheight.com Phone- (0731)4295950
SOYABEAN (JULY)) Trend Strategy
• Consolidate • Sell on high
TURMERIC (JU JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 2375 • R1 - 2350
Resistance
• R2 - 7500 • R1 - 7400
Support
• S1 - 2245 • S2 - 2225
Support
• S1 - 7100 • S2 - 7000
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 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 anyo 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 comple 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 iinstrument. 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 Seriou Serious Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com