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Daily Newsletter Newsletter-Agri Agri Commodity 10/03/2011

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MARKET WRAP Turmeric rises on extend buying Jeera slumps on fresh arrivals Pepper up on short covering Soy bean, soy oil rise on bargain buying Chana up on short covering Potato surges on weak arrivals Cardamom gains on fresh buying

The turmeric arrivals expected to rise in coming weeks could pressurize prices to some extent but traders believe export demand would determine the trend for the commodity. Low stock levels could support the rates further. Thus some firmness could be noted for the commodity amidst high volatility depending on the reports on the production and export front. Demand from US and European countries for Jeera is likely to shift more towards India in coming weeks due to low stocks in the International markets. Export demand from South-East Asian countries have been there. The trend would depend on the crop arrivals of Pepper in Vietnam and its effect on the Indian exports. Market is waiting for release of February month edible oil import data, which is likely to be released next week. Physical markets are witnessing subdued trading on poor demand and higher supply of the oil. The arrivals of Guar have come to an end across the spot markets which have resulted in subdued spot activities. The predictions of the normal monsoon are weighing on the market sentiments. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (MAR) Trend Strategy Resistance

• Consolidate • Buy on dips • R2 - 1170 • R1 - 1148 • S1 - 1100 • S2 - 1080

Support

GUARGUM (MAR) Trend

• Consolidate • Sell on highs

Strategy

CHANA (MAR MAR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 2500 • R1 - 2470

Support

• S1 - 2420 • S2 - 2390

GUARSEED (MAR MAR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 8350 • R1 - 8200

Resistance

• R2 - 2925 • R1 - 2870

Support

• S1 - 7870 • S2 - 7710

Support

• S1 - 2757 • S2 - 2700

JEERA (MAR) Trend Strategy

• Consolidate • Sell on highs

MENTHA OIL (MAR MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 16870 • R1 - 16545

Resistance

• R2 - 1172 • R1 - 1150

Support

• S1 - 15895 • S2 - 15570

Support

• S1 - 1105 • S2 - 1083

PEPPER (MAR) Trend Strategy

• Consolidate • Sell on highs

REFINED SOY OIL (MAR MAR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 23220 • R1 - 22775

Resistance

• R2 - 640 • R1 - 630

Support

• S1 - 21885 • S2 - 21440

Support

• S1 - 615 • S2 - 605

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SOYABEAN (MAR)) Trend Strategy

• Consolidate • Sell on highs

TURMERIC (APR) (APR Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 2435 • R1 - 2410

Resistance

• R2 - 11300 • R1 - 11085

Support

• S1 - 2350 • S2 - 2325

Support

• S1 - 10650 • S2 - 10432

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