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Daily Newsletter28/03/2011

Daily Newsletter-Agri Commodity

www.capitalheight.com

Agri Commodity



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Phone- (0731)4295950

MARKET WRAP

Turmeric edges up on short covering

Jeera ends up on output view, low stocks

Pepper gains over 3% on poor supply

Soya bean recovers on short covering

Chana closes flat, short covering offset 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

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 9135


• S1 - 8710

• S2 - 8535Support

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 16510


• S1 - 15560


• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 25495


• S1 - 24025

• S2 - 23535 Support


ECHNICAL VIEW

CHANA (APR

GUARSEED (APR

MENTHA OIL (MAR

REFINED SOY OIL (APR

1060

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 2520


• S1 - 2440


• Bullish

• Buy on dips

Trend



• S1 - 2955


• Consolidate

• Buy on dips

Trend



• S1 - 1267


• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 616


• S1 - 595

• S2 - 585Support



[email protected]

Phone- (0731)4295950

APR)

APR)

MAR)

APR)

Consolidate

Sell on highs

2520

2495

2440

2420

Buy on dips

3130

3075

2955

2895

Consolidate

Buy on dips

1330

1300

1267

1227

Consolidate

Sell on highs

616

610

595

585

SOYABEAN (APR)

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accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits

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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

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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.

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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

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 2390

• R1 - 2370 Resistance

• S1 - 2300



) TURMERIC (APR


for errors of fact or opinion. Users have the right to choose the product/s that suits


e consider reliable.

This material is for personal information and based upon it & takes no responsibility


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


ead any views expressed as a recommendation for which either the site or its owners or anyone


ty 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.

2370

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 10075


• S1 - 9495




[email protected]

Phone- (0731)4295950

TURMERIC (APR)


for errors of fact or opinion. Users have the right to choose the product/s that suits



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


ead 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

lients (Paid Or Unpaid), Any third party or


2370

Consolidate

Sell on highs

10075

9850

9495

9300

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