Daily Newsletter21/04/2011

Daily Newsletter-Agri Commodity

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Agri Commodity

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MARKET WRAP

Turmeric tumbles on profit booking

Jeera slumps on higher arrivals

Pepper ends higher on supply crunch

Soya bean, soy oil rise on global market

Chana futures extend gains

Guar ends flat

Mentha drops on subdued demand

Cardamom rises on weak 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. Soybean prices are expected to trade lower on account or

higher production estimates of Brazil coupled with favorable weather for harvest in

Argentina. 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. Chana

prices in the intraday are expected to decline on account of increase in fresh arrivals in

the market particularly from Rajasthan.

TECHNICAL

CARDAMOM (MAY)

GUARGUM (MAY)

JEERA (MAY)

PEPPER (MAY)

• Consolidate

• Sell on highs

Trend

Strategy• R2 - 1110

• R1 - 1090Resistance

• S1 - 1060

• S2 - 1030 Support

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 8800

• R1 - 8600Resistance

• S1 - 8350

• S2 - 8250Support

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 15600

• R1 - 15300Resistance

• S1 - 14900

• S2 - 14600Support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 27000

• R1 - 26700Resistance

• S1 - 26100

• S2 - 25800 Support

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ECHNICAL VIEW

CHANA (MAY

GUARSEED (MAY

MENTHA OIL (APR

REFINED SOY OIL (MAY

1030

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 2395

• R1 - 2365Resistance

• S1 - 2290

• S2 - 2260Support

• Consolidate

• Sell on highs

Trend

Strategy• R2 - 3030

• R1 - 3000Resistance

• S1 - 2925

• S2 - 2890Support

• Consolidate

• Sell on highs

Trend

Strategy• R2 - 1080

• R1 - 1060Resistance

• S1 - 1040

• S2 - 1020Support

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 635

• R1 - 630Resistance

• S1 - 615

• S2 - 610Support

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MAY)

MAY)

APR)

MAY)

Sell on highs

2395

2365

2290

2260

Consolidate

Sell on highs

3030

3000

2925

2890

Consolidate

Sell on highs

1080

1060

1040

1020

Consolidate

Sell on highs

635

630

615

610

SOYABEAN (MAY)

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

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 an

The information given herein should be treated as only factor, while making investment decision. The report does not

provide individually tailor-made investment advice. Capitalheight recommends that investors inde

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 vi

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 p

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 th

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 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 - 2475

• R1 - 2455 Resistance

• S1 - 2420

• S2 - 2390Support

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) TURMERIC (MAY

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

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

made investment advice. Capitalheight recommends that investors inde

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 vi

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 anyone

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

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

an invitation or an offer to buy or sell any financial 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

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

2455

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 9100

• R1 - 8950Resistance

• S1 - 8650

• S2 - 8500Support

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info@capitalheight.com

Phone- (0731)4295950

MAY)

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

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. Capitalheight shall

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,

Capitalheight might be

holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at

e site or its owners or anyone

can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

we are not responsible for any loss incurred

Capitalheight does not

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

2455

Bearish

Sell on highs

9100

8950

8650

8500