Daily Agri -Commodity Report by CapitalHeight.com –26 March
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Transcript of Daily Agri -Commodity Report by CapitalHeight.com –26 March
Daily Newsletter26/03/2011
Daily Newsletter-Agri Commodity
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Agri Commodity
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MARKET WRAP
Turmeric declines on supply
Jeera surges on low production estimates
Pepper gains on global cues
Soya bean recovers on short covering
Chana down on arrivals
Guar up on low supply
Cardamom weakens on subdued demand
Turmeric futures are expected to extend the losses on strong selling interest in coming
week. However, prices might witness small recovery initially on short covering on
previous losses. Poor export demand amid middle east concern as they are the major
importers of Indian Jeera might weigh on prices and dry weather conditions in major
growing region is also supporting the crop which might create pressure on prices.
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 - 1140
• R1 - 1120Resistance
• S1 - 1080
• S2 - 1060 Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 9075
• R1 - 8900Resistance
• S1 - 8550
• S2 - 8375Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 16525
• R1 - 16210Resistance
• S1 - 15580
• S2 - 15260Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 25300
• R1 - 24890Resistance
• S1 - 24000
• S2 - 23600 Support
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ECHNICAL VIEW
CHANA (APR
GUARSEED (APR
MENTHA OIL (MAR
REFINED SOY OIL (APR
1060
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 2510
• R1 - 2480Resistance
• S1 - 2430
• S2 - 2300Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 3095
• R1 - 3040Resistance
• S1 - 2920
• S2 - 2865Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 1320
• R1 - 1300Resistance
• S1 - 1250
• S2 - 1230Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 625
• R1 - 614Resistance
• S1 - 595
• S2 - 585Support
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Phone- (0731)4295950
APR)
APR)
MAR)
APR)
Consolidate
Sell on highs
2510
2480
2430
2300
Consolidate
Buy on dips
3095
3040
2920
2865
Consolidate
Buy on dips
1320
1300
1250
1230
Consolidate
Sell on highs
625
614
595
585
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. 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 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. 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 condu
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
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 - 2390
• R1 - 2370 Resistance
• S1 - 2320
• S2 - 2300Support
capitalheight.wordpress.com
) 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
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
e 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
de 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,
timates 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 anyo
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
purport to be 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
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
2370
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 10100
• R1 - 9900Resistance
• S1 - 9550
• S2 - 9350Support
www.capitalheight.com
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Phone- (0731)4295950
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
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
de 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
cted 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
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.
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
2370
Consolidate
Sell on highs
10100
9900
9550
9350