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Daily Newsletter Newsletter-Agri Agri Commodity 16/08/2011

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MARKET WRAP Guar seed rise on limited stocks Turmeric slumps on subdued demand Soy oil rises on firm demand Jeera gains on weak arrivals Chana ends down marginally Pepper ends up on fresh buying Cardamom hits contract low on weak demand Mentha oil gains on buying at lower levels

Cardamom ended down on profit booking and may remain negative due to higher arrivals while favorable weather conditions may keep prices under pressure. 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. Soy oil futures extended uptrend at the weekend on strong demand from the physical market amid weak arrivals. The prices are expected to trade sideways to up and will take cues from the international market. Jeera is expected to trade sideways to up on the back of buying at lower levels and short covering while weak arrivals are likely to support prices in the near future. Guarseed is expected to trade sideways to up on the back of limited stocks and on rising demand from the millers. Lower sowing due to uneven rains from Rajasthan also supported the uptrend. Guar gum is expected to sideways to up as the arrivals from stocks being low this week are likely to support the prices. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (AUG) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 730 • R1 - 710 • S1 - 675 • S2 - 660

Support

CHANA (AUG AUG) Trend Strategy Resistance

• R2 - 3090 • R1 - 3040

Support

• S1 - 2960 • S2 - 2910

GUARGUM (AUG) Trend

• Consolidate • Buy on dips

Strategy

• Consolidate • Sell on high

GUARSEED (AUG) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 14300 • R1 - 13900

Resistance

• R2 - 4460 • R1 - 4410

Support

• S1 - 13250 • S2 - 13000

Support

• S1 - 4300 • S2 - 4260

JEERA (AUG) Trend Strategy

• Consolidate • Sell on high

MENTHA OIL (AUG) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 15500 • R1 - 15200

Resistance

• R2 - 1150 • R1 - 1130

Support

• S1 - 14650 • S2 - 14400

Support

• S1 - 1090 • S2 - 1075

PEPPER (AUG) Trend Strategy

• Consolidate • Buy on dips

REFINED SOY OIL (AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 30700 • R1 - 30200

Resistance

• R2 - 690 • R1 - 675

Support

• S1 - 29500 • S2 - 29100

Support

• S1 - 650 • S2 - 635

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SOYABEAN (AUG)) Trend Strategy

• Consolidate • Buy on dips

TURMERIC (AUG AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2520 • R1 - 2480

Resistance

• R2 - 6500 • R1 - 6370

Support

• S1 - 2425 • S2 - 2390

Support

• S1 - 6150 • S2 - 6050

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