Page 1

Daily Newsletter Newsletter-Agri Agri Commodity 17/02/2011

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

MARKET WRAP Turmeric rises on increased demand Jeera falls on weak exports Pepper plunges on weak export Soy bean, soy oil declines on selling pressure Guar rises on short covering Chana weakens on subdued demand Mentha oil rises on active buying

Demand for Turmeric from the overseas and domestic is weak as the buyers are anticipating further fall in the prices in the coming days. Any reports of bad weather in the Jeera growing region might provide support to the prices in the short term. Reports of crop damage due to floods and heavy rains in Sri Lanka and Indonesia may support Pepper prices. However, lower quotes offered by Vietnam might weigh on prices. Mentha oil is expected to continue the bearish trend as active selling may pull down the prices. Sluggish demand due to good sowing progress might further add to the down side. The government is concerned about the food inflation levels which might further reduce the stock limits of Chana across Madhya Pradesh and Rajasthan. Sluggish buying across the spot markets and likely higher delivery of the guar gum on February expiry is expected to support the fall in prices. Dampening demand for soy oil in the spot market is likely to have a bearish impact on the market. Shrink in physical demand for soybean and its derivatives is likely to have bearish impact on the market. www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW CARDAMOM (MAR) Trend Strategy Resistance

• Consolidate • Buy on dips • R2 - 1346 • R1 - 1355 • S1 - 1300 • S2 - 1275

Support

GUARGUM (MAR) Trend

• Consolidate • Buy on dips

Strategy

CHANA (MAR MAR) Trend Strategy

• Bearish • Sell on highs

Resistance

• R2 - 2717 • R1 - 2665

Support

• S1 - 2561 • S2 - 2509

GUARSEED (MAR MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 8595 • R1 - 8430

Resistance

• R2 - 2960 • R1 - 2900

Support

• S1 - 8100 • S2 - 7935

Support

• S1 - 2790 • S2 - 2730

JEERA (MAR) Trend Strategy

• Consolidate • Sell on highs

MENTHA OIL (FEB FEB) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 16300 • R1 - 16100

Resistance

• R2 - 1218 • R1 - 1194

Support

• S1 - 15650 • S2 - 15350

Support

• S1 - 1126 • S2 - 1103

PEPPER (MAR) Trend Strategy

• Consolidate • Sell on highs

REFINED SOY OIL (MAR MAR) Trend Strategy

• Bearish • Sell on highs

Resistance

• R2 - 24470 • R1 - 23970

Resistance

• R2 - 655 • R1 - 647

Support

• S1 - 23030 • S2 - 22580

Support

• S1 - 634 • S2 - 628

www.capitalheight.com capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

SOYABEAN (MAR)) Trend Strategy

• Bearish • Sell on highs

TURMERIC (APR) (APR Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 2520 • R1 - 2480

Resistance

• R2 - 10295 • R1 - 10096

Support

• S1 - 2400 • S2 - 2370

Support

• S1 - 9750 • S2 - 9630

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 tthe he 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 responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made made investment advice. Capitalheight recommends that investors independently evaluate particular investments and strategies, and encourages invest investors ors 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 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 Capitalheight might be holding positions in the stocks recommended. nded. 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 anyone anyon can be held responsible for . Any surfing aand nd 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 lo 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 (Paid Or Unpaid), Any third thir 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 capitalheight.wordpress.com

Agri - Commodity Tips By www.capitalheight.com  

CapitalHeight is a stock advisory company provides stock tips, commodity tips, mcx tips, equity tips, free stock tips, intraday tips and ncd...

Read more
Read more
Similar to
Popular now
Just for you