Page 1

Daily Newsletter Newsletter-Agri Commodity 21/12/2010

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

MARKET WRAP Turmeric up on lower stocks Pepper declines on short selling Cardamom continues uptrend on short coverings Jeera trades up on fresh buying Guar falls on output Chana remains steady Soy Oil plunges on global cues Rupee tumbles on firm dollar

Apprehensions of damage to sown crops have kept rates firm for Turmeric. Lower stocks and weak arrivals in the mandis too supported the price for Turmeric. Short term trend would remain volatile as traders wait for corrections for buying opportunities. Delayed sowing in major growing belts in Gujarat and lower stocks available with traders & stockiest, amid crop loss in other countries is likely to support Jeera from further falling in near term. Demand from the domestic and overseas buyers is expected in the coming days. Reports of lower stocks could support the price of Pepper and traders are anticipating both exports and domestic demand to rise in coming weeks. Strengthening of Dollar vs. Re could have positive impact on the export front. Expectations of lower production and rising export demand from China are expected to provide support to the Mentha Oil prices in medium term. Traders are also reportedly holding back stocks in anticipation of a rise in price in the coming weeks. www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW CARDAMOM (JAN) Trend Strategy

• Bullish • Buy on dips

CHANA (JAN) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 1460 • R1 - 1440

Resistance

• R2 - 2597 • R1 - 2563

Support

• S1 - 1400 • S2 - 1360

Support

• S1 - 2503 • S2 - 2485

GUARGUM (JAN) Trend Strategy

• Consolidate • Sell on highs

GUARSEED (JAN JAN) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 6645 • R1 - 6550

Resistance

• R2 - 2550 • R1 - 2510

Support

• S1 - 6275 • S2 - 6180

Support

• S1 - 2435 • S2 - 2400

JEERA (JAN) Trend Strategy

• Consolidate • Sell on highs

MENTHA OIL (DEC DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 14390 •R1 - 14210

Resistance

• R2 - 1170 • R1 - 1150

Support

•S1 - 13990 •S2 - 13790

Support

• S1 - 1100 •S2 - 1070

MUSTARD SEED (JAN) Trend Strategy

• Consolidate • Sell on highs

PEPPER (JAN)) Trend Strategy

• Consolidate • Sell on highs

Resistance

•R2 - 569 •R1 - 565

Resistance

•R2 - 22670 •R1 - 22350

Support

•S1 - 557 •S2 - 554

Support

•S1 - 21800 •S2 - 21330

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

SOYABEAN (JAN)) Trend Strategy

• Consolidate • Sell on highs

TURMERIC (APR) (APR Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 2280 •R1 - 2260

Resistance

•R2 - 10400 •R1 - 10200

Support

•S1 - 2225 •S2 - 2200

Support

•S1 - 9850 •S2 - 9750

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 sui them the most. Sincere efforts have been made to present the right investment perspective. The information contained contain 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 decis decision. ion. The report does not provide individually tailor-made 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 Capitalhe shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules rule and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price pe performance. rformance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be holding positions in the stocks recommended. It is understood that anyone who is browsing throu through gh 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 anyon 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. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients lients (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.

www.capitalheight.com


Daily Commodity Agri News Letter by CapitalHeight 21-12-2010  

Daily Newsletter 21/12/2010 www.capitalheight.com www.capitalheight.com

Advertisement
Read more
Read more
Similar to
Popular now
Just for you