Daily Agri -Commodity Report by CapitalHeight.com –19 March

Daily Newsletter19/03/2011

Daily Newsletter-Agri Commodity

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Agri Commodity



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MARKET WRAP

India spices fall on weak domestic, export demand

Turmeric falls on higher arrivals

Jeera slumps on higher arrivals

Pepper gains on domestic demand

Soy bean, soy oil futures up on global cues & demand

Chana drops on fresh arrivals

Guar remains steady

The turmeric price trend in the short term is likely to depend on the arrivals and demand

from the overseas and domestic buyers. 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. Domestic

traders and investors are likely to sell Refined Oil futures anticipating shrink in the

demand for oil with the progress of summer season. Higher production estimates of RM

Seed this year as compared to last year may pressurize the prices. Guar futures would

be dependent on the overseas demand scenario. 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 - 1170

• R1 - 1150Resistance

• S1 - 1110

• S2 - 1090 Support

• Condolidate

• Buy on dips

Trend

Strategy

• R2 - 8505


• S1 - 8020

• S2 - 7855Support

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 16770


• S1 - 15810


• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 24200


• S1 - 22800

• S2 - 22350 Support


ECHNICAL VIEW

CHANA (APR

GUARSEED (APR

MENTHA OIL (MAR

REFINED SOY OIL (APR

1090

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 2600


• S1 - 2490


• Consolidate

• Buy on dips

Trend



• S1 - 2810


• Bullish

• Buy on dips

Trend



• S1 - 1240


• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 635


• S1 - 610

• S2 - 600Support



[email protected]

Phone- (0731)4295950

APR)

APR)

MAR)

APR)

Consolidate

Sell on highs

2600

2550

2490

2460

Consolidate

Buy on dips

2980

2925

2810

2765

Buy on dips

1315

1290

1240

1215

Consolidate

Sell on highs

635

625

610

600

SOYABEAN (APR)

Disclaimer

The information and views in this report, our website & all the service we provide are believed to

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 inform

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 inv

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 advis

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 fu

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 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 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

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 i

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

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 2400

• R1 - 2375 Resistance

• S1 - 2325



) TURMERIC (APR

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 sui

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 independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial advis

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


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


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.

2375

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 10400


• S1 - 9800




[email protected]

Phone- (0731)4295950

TURMERIC (APR)

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

ation contained herein is based on

estment 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

ture price performance. The information herein,

Capitalheight might be


his free will and does not read any views expressed 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


2375

Bearish

Sell on highs

10400

10200

9800

9600

Daily Agri -Commodity Report by CapitalHeight.com –19 March

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