Daily agri commodity newsletter by capital height 22-03-11

Daily Newsletter22/03/2011

Daily Newsletter-Agri Commodity

www.capitalheight.com

Agri Commodity



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MARKET WRAP

India spices fall on weak domestic, export demand

Turmeric falls over 2% on weak demand & increased arrivals

Jeera falls on weak exports & higher arrivals

Pepper gains on domestic demand

Soy bean, soy oil falls on low demand

Chana closes down on arrivals & lower pulses price

Guar remains steady

Improved fresh arrivals in the turmeric may pressurize prices in the coming days. Weak

demand from the overseas is also weighing on the prices. Jeera prices in the intraday

may trade sideways owing to demand from the local stockists and expectation of better

arrivals in the market. Any recovery in demand from the overseas buyers however will

support Jeera prices in the short term. Prices quoted by India for Pepper in international

market moved up to $5050 per ton which is very much in order with the prices quoted in

other origins. Therefore, few export inquires can be expected in coming days. Edible Oil

Complex may trade with positive bias owing to reports of crop damage of Soybean in

Brazil after floods hit the growing regions. Guar is expected to extend the earlier gains

in the coming week on account of decline in the arrivals and recovery in demand from

the overseas buyers. Notwithstanding expected bumper production of pulses during

2011-12, India would require to import 3.40 million tonne of the Chana to match the

enhanced demand.

TECHNICAL

CARDAMOM (APR)

GUARGUM (APR)

JEERA (APR)

PEPPER (APR)

• Consolidate

• Sell on highs

Trend

Strategy• R2 - 1145

• R1 - 1125Resistance

• S1 - 1080

• S2 - 1060 Support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 8815


• S1 - 8305

• S2 - 8135Support

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 16680


• S1 - 15720


• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 24550


• S1 - 23130

• S2 - 22660 Support


ECHNICAL VIEW

CHANA (APR

GUARSEED (APR

MENTHA OIL (MAR

REFINED SOY OIL (APR

1060

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 2550


• S1 - 2480


• Bullish

• Buy on dips

Trend



• S1 - 2880


• Bullish

• Buy on dips

Trend



• S1 - 1280


• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 630


• S1 - 605

• S2 - 595Support



[email protected]

Phone- (0731)4295950

APR)

APR)

MAR)

APR)

Consolidate

Sell on highs

2550

2530

2480

2460

Buy on dips

3060

3000

2880

2825

Buy on dips

1355

1330

1280

1260

Consolidate

Sell on highs

630

620

605

595

SOYABEAN (APR)

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.

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.

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal

not be responsible for any transaction conducted based on the info

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,

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 expresse

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 h

We, however, do not vouch for the accuracy or the completeness thereof.

whatsoever for any financial profits or loss which may arise from the recommendations above.

purport to be an invitation or an offer to buy or sell any financial instrument.

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.

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 2420

• R1 - 2390 Resistance

• S1 - 2340



) TURMERIC (APR


accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits


analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility


made investment advice. Capitalheight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules

price projections shown are not necessarily indicative of future price performance. The information herein,

can change without notice. Analyst or any person related to Capitalheight


his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone


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

purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or


which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

2390

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 10100


• S1 - 9550




[email protected]

Phone- (0731)4295950

TURMERIC (APR)


Users have the right to choose the product/s that suits



Capitalheight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall

rmation given in this report, which is in violation of rules

price projections shown are not necessarily indicative of future price performance. The information herein,

Capitalheight might be


d as a recommendation for which either the site or its owners or anyone


we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or


2390

Bearish

Sell on highs

10100

9900

9550

9350

Daily agri commodity newsletter by capital height 22-03-11

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