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Daily Newsletter17/06/2011

Daily Newsletter-Agri Commodity

www.capitalheight.com

Agri Commodity



capitalheight.wordpress.com

[email protected]

Phone- (0731)4295950

MARKET WRAP

Chana flat on June contract expiry

Jeera hits a new contract low on higher stocks

Pepper falls on weak export demand

Soy complex slumps on global cues

Guar futures up on profit booking

Mentha oil edges higher on industrial demand

Cardamom falls on ample supply

Turmeric falls on ample supply

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 - 850

• R1 - 835Resistance

• S1 - 805

• S2 - 790 Support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 10720


• S1 - 10200

• S2 - 10050Support

• Bearish

• Sell on high

Trend

Strategy

• R2 - 14200


• S1 - 13550


• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 29400


• S1 - 28300



ECHNICAL VIEW

CHANA (JULY

GUARSEED (JULY

MENTHA OIL (JU

REFINED SOY OIL (

790

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 2660


• S1 - 2590


• Consolidate

• Buy on dips

Trend



• S1 - 3285


• Consolidate

• Sell on high

Trend



• S1 - 825

• S2 - 810Support

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 640


• S1 - 625

• S2 - 620Support



[email protected]

Phone- (0731)4295950

LY)

LY)

JUNE)

(JULY)

Consolidate

Sell on high

2660

2640

2590

2570

Consolidate

Buy on dips

3395

3360

3285

3265

Consolidate

Sell on high

875

855

825

810

Consolidate

Sell on high

640

635

625

620

SOYABEAN (JULY)

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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 responsib

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 shall

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 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 high

Trend

Strategy

• R2 - 2375

• R1 - 2350 Resistance

• S1 - 2245



) TURMERIC (JU


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


analysis and up on sources that we consider reliable.

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


made investment advice. Capitalheight recommends that investors independently evaluate

ments 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 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.

2350

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 7500


• S1 - 7100




[email protected]

Phone- (0731)4295950

JULY)


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



made investment advice. Capitalheight recommends that investors independently evaluate

ments 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


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


2350

Consolidate

Sell on high

7500

7400

7100

7000

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