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Daily Newsletter16/06/2011
Daily Newsletter-Agri Commodity
www.capitalheight.com
Agri Commodity
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Phone- (0731)4295950
MARKET WRAP
Chana trades down on fresh selling
Jeera slumps on short selling
Pepper falls on weak export demand
Soy oil hits contract low on higher arrivals
Guar futures steady
Mentha oil up on short covering
Cardamom falls on ample supply
Turmeric bounces back on short covering
Jeera is expected to continue the bearish trend on poor domestic demand. Lack of
active buying at spot market is likely to pull down the prices. Pepper is projected to
continue the uptrend on emergence of fresh buying at lower levels. Lower stocks
available across the spot markets might also support the prices. Reports of decline in
production estimates of Indonesia and Brazil might support the prices. The soy oil might
resume the bearish trend as the higher supplies of the edible oils across the globe as
per the USDA report is expected to have negative impact. Chana fell as speculators
booked profits at high levels, driven by a sluggish spot demand, increased arrivals from
producing belts also led to fall in Chana prices. Cardamom is projected to trade slightly
positive. Fresh buying at lower level is likely to support the prices. Export inquiries from
Gulf amid upcoming festive season might support the prices. We expect guar seed and
gum to retain its downtrend.
TECHNICAL
CARDAMOM (JULY)
GUARGUM (JULY)
JEERA (JULY)
PEPPER (JULY)
• Consolidate
• Sell on high
Trend
Strategy• R2 - 830
• R1 - 815Resistance
• S1 - 785
• S2 - 770 Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 10720
• R1 - 10560Resistance
• S1 - 10200
• S2 - 10050Support
• Bearish
• Sell on high
Trend
Strategy
• R2 - 14400
• R1 - 14100Resistance
• S1 - 13790
• S2 - 13550Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 30000
• R1 - 29700Resistance
• S1 - 28850
• S2 - 28600Support
capitalheight.wordpress.com
ECHNICAL VIEW
CHANA (JULY
GUARSEED (JULY
MENTHA OIL (JU
REFINED SOY OIL (
770
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 2660
• R1 - 2640Resistance
• S1 - 2590
• S2 - 2570Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 3370
• R1 - 3340Resistance
• S1 - 3285
• S2 - 3260Support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 860
• R1 - 845Resistance
• S1 - 815
• S2 - 800Support
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 655
• R1 - 648Resistance
• S1 - 635
• S2 - 630Support
www.capitalheight.com
capitalheight.wordpress.com
Phone- (0731)4295950
LY)
LY)
JUNE)
(JULY)
Consolidate
Sell on high
2660
2640
2590
2570
Consolidate
Buy on dips
3370
3340
3285
3260
Consolidate
Sell on high
860
845
815
800
Consolidate
Sell on high
655
648
635
630
SOYABEAN (JULY)
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 &
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 evaluat
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 rule
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 o
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
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 an
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 s
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 2375
• R1 - 2350 Resistance
• S1 - 2298
• S2 - 2270Support
capitalheight.wordpress.com
) TURMERIC (JU
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
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 evaluat
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 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 o
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.
2350
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 7600
• R1 - 7500Resistance
• S1 - 7200
• S2 - 7050Support
www.capitalheight.com
capitalheight.wordpress.com
Phone- (0731)4295950
JULY)
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
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
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
2350
Consolidate
Sell on high
7600
7500
7200
7050