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Daily Newsletter23/04/2011

Daily Newsletter-Agri Commodity

www.capitalheight.com

Agri Commodity



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Phone- (0731)4295950

MARKET WRAP

Turmeric tumbles on rising arrivals

Jeera slumps on higher arrivals

Pepper up on supply concerns

Soya bean, soy oil drops on adequate supply

Chana hits contract low on arrivals

Guar remains steady

Mentha oil rises on supply crunch

Cardamom gains on firm demand

Turmeric prices in the intraday will trade firm due to improved buying by the market

participants. Stockiest at the market are not willing to offload their stocks at lower levels.

Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices

under pressure. Export demand from gulf countries is also very poor which might weigh

on sentiments. Overall trend of Pepper is bullish due to limited stocks and good demand

at domestic and export front. Fear of higher import of oil in April following full-fledged

harvesting of the soy crop in Brazil and Argentina might cap the gains. Rabi arrival is

also another bearish factor for the market. The monsoon reports might cause concerns

about the increase in acreage under guar seed which affect the sentiments in the

markets. The absence of any fresh export demand and the continued arrivals is exerting

pressure on the prices. Arrivals of Chana are expected to be in full momentum during

this month which would create good buying level at the physical markets.

TECHNICAL

CARDAMOM (MAY)

GUARGUM (MAY)

JEERA (MAY)

PEPPER (MAY)

• Consolidate

• Sell on highs

Trend

Strategy• R2 - 1125

• R1 - 1110Resistance

• S1 - 1060

• S2 - 1030 Support

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 8700


• S1 - 8350

• S2 - 8250Support

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 15450


• S1 - 14800


• Bullish

• Buy on dips

Trend

Strategy

• R2 - 28000


• S1 - 26700

• S2 - 26200 Support


ECHNICAL VIEW

CHANA (MAY

GUARSEED (MAY

MENTHA OIL (APR

REFINED SOY OIL (MAY

1030

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 2390


• S1 - 2300


• Consolidate

• Sell on highs

Trend



• S1 - 2930


• Consolidate

• Buy on dips

Trend



• S1 - 1055


• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 635


• S1 - 615

• S2 - 610Support



[email protected]

Phone- (0731)4295950

MAY)

MAY)

APR)

MAY)

Sell on highs

2390

2365

2300

2270

Consolidate

Sell on highs

3030

3000

2930

2890

Consolidate

Buy on dips

1120

1100

1055

1035

Consolidate

Sell on highs

635

625

615

610

SOYABEAN (MAY)

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accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the

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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 an

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 inde

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 vi

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 p

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 th

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 completeness thereof.

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 instrument.

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.

• Consolidate

• Sell on highs

Trend

Strategy

• R2 - 2480

• R1 - 2450 Resistance

• S1 - 2390



) TURMERIC (MAY


accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the


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 inde

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 vi

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 anyone


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

an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or


directly or indirectly by them. If found so then Serious Legal Actions can be taken.

2450

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 9050


• S1 - 8600




[email protected]

Phone- (0731)4295950

MAY)


accept any 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

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


e 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


2450

Bearish

Sell on highs

9050

8900

8600

8450

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