Post on 31-Mar-2016
description
Daily Newsletter01/06/2011
Daily Newsletter-Agri Commodity
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Agri Commodity
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MARKET WRAP
Chana up on short covering
Jeera up on short covering
Pepper falls on poor exports
Soy oil rise on demand & thin supply
Guar remains flat
Mentha oil gains on industrial demand
Cardamom plunges on rising arrivals
Turmeric hits contract low
Turmeric prices in the intraday will trade sideways due to lackluster demand from local
stockists. Demand from north India is also poor that is why traders are not interested in
bulk buying. Jeera prices in the intraday will trade sideways to up due to dwindling
arrivals in the domestic market. Any reports of crop damage in Syria might support
prices in the short term. Trade of cheap imported pepper along with panic selling due to
introduction of special margin might add to the down side. Hoarding of Pepper by the
Vietnam farmers will also help prices to remain firm. The concerns about the early onset
of the monsoon might raise the hopes for higher acreage under guar seed which might
affect market sentiments for coming days. Good demand for Chana across the spot
market ahead of upcoming festive season is likely to support the prices. The near term
demand for the edible oil and the soy bean for sowing purposes may lend support to the
oil prices. Lack of buying interest at spot market might weigh on Cardamom prices.
TECHNICAL
CARDAMOM (JUNE)
GUARGUM (JUNE)
JEERA (JUNE)
PEPPER (JUNE)
• Bearish
• Sell on highs
Trend
Strategy• R2 - 770
• R1 - 755Resistance
• S1 - 730
• S2 - 715 Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 10400
• R1 - 10200Resistance
• S1 - 9850
• S2 - 9650Support
• Bearish
• Sell on highs
Trend
Strategy
• R2 - 14600
• R1 - 14300Resistance
• S1 - 13900
• S2 - 13550Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 29650
• R1 - 29300Resistance
• S1 - 28500
• S2 - 28070Support
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ECHNICAL VIEW
CHANA (JUNE
GUARSEED (JUNE
MENTHA OIL (JUNE
REFINED SOY OIL (JUNE
715
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 2600
• R1 - 2580Resistance
• S1 - 2530
• S2 - 2500Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 3330
• R1 - 3290Resistance
• S1 - 3230
• S2 - 3190Support
• Consolidate
• Sell on highs
Trend
Strategy• R2 - 895
• R1 - 880Resistance
• S1 - 850
• S2 - 830Support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 670
• R1 - 665Resistance
• S1 - 655
• S2 - 650Support
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JUNE)
JUNE)
JUNE)
JUNE)
Consolidate
Buy on dips
2600
2580
2530
2500
Consolidate
Buy on dips
3330
3290
3230
3190
Consolidate
Sell on highs
Buy on dips
670
665
655
650
SOYABEAN (JUNE)
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The information and views in this report, our website & all the service we provide are believed to be reliable,
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
them the most.
Sincere efforts have been made to present the right investment perspective. The information contain
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
provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capi
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
and regulations of MCX and NCDEX.
The metals price projections shown are not necessarily indicative of future pri
together with all estimates and forecasts, can change without notice. Analyst or any person related to
holding positions in the stocks recommended. It is understood that anyone who is browsing
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon
can be held responsible for . Any surfing and reading of the information is the acceptance of
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.
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
• Buy on dips
Trend
Strategy
• R2 - 2430
• R1 - 2400 Resistance
• S1 - 2350
• S2 - 2325Support
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) TURMERIC (JUNE
The information and views in this report, our website & all the service we provide are believed to be reliable,
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
Sincere efforts have been made to present the right investment perspective. The information contain
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
made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capi
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
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
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 anyon
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
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
s 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
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.
2400
• Bearish
• Sell on highs
Trend
Strategy
• R2 - 7700
• R1 - 7600Resistance
• S1 - 7300
• S2 - 7150Support
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info@capitalheight.com
Phone- (0731)4295950
JUNE)
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
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
decision. The report does not
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 shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
ce performance. The information herein,
Capitalheight might be
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
this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
share our calls or SMS or Report or Any Information Provided by us to/with anyone
2400
Bearish
Sell on highs
7700
7600
7300
7150