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Daily Newsletter Newsletter-Agri Agri Commodity 17/08/2011

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MARKET WRAP Guar Seed ends down on fresh selling Soy Oil up on arrival pressure Pepper ends high on lower supply Jeera gains on weak arrivals Turmeric turns red on fresh selling Chana surges up on festive demand Cardamom gains on arrival pressure

Chana in intraday is expected to trade sideways to up on rising demand from the physical market for the upcoming festive season. The current predictions with respect to monsoon and sowing acreage point towards downward projections of Kharif output and restricted arrivals from the producing regions may also support the uptrend. Pepper futures are expected to trade positive due to limited stocks in the physical market ahead weak arrivals from the producing regions. Rising demand for the upcoming festive seasons also supported the uptrend. Turmeric prices are expected to trade sideways to negative note extending the previous losses. Overall weak trend amid poor demand from north India buyers is likely to pressurize the prices. Cardamom prices are expected to trade sideways to up owing to rising demand from the domestic market amid weak arrivals from the producing regions. Guar seed futures are expected to trade negative to sideways due to active selling by the traders on the back of subdued demand in the spot market. A fall in export demand may also limit the uptrend. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (SEP) Trend Strategy Resistance

• Bearish • Sell on high • R2 - 895 • R1 - 878 • S1 - 845 • S2 - 830

Support

GUARGUM (SEP) Trend

• Consolidate • Sell on high

Strategy

CHANA (SEP)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 3240 • R1 - 3180

Support

• S1 - 3090 • S2 - 3040

GUARSEED (SEP SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 14050 • R1 - 13750

Resistance

• R2 - 4420 • R1 - 4360

Support

• S1 - 13250 • S2 - 12800

Support

• S1 - 4250 • S2 - 4180

JEERA (SEP) Trend Strategy

• Consolidate • Sell on high

MENTHA OIL (SEP SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 16500 • R1 - 16050

Resistance

• R2 - 1180 • R1 - 1160

Support

• S1 - 15550 • S2 - 15100

Support

• S1 - 1120 • S2 - 1090

PEPPER (SEP) Trend Strategy

• Consolidate • Buy on dips

MUSTARD SEED (SEP SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 33600 • R1 - 32620

Resistance

• R2 - 2980 • R1 - 2950

Support

• S1 - 30700 • S2 - 29800

Support

• S1 - 2900 • S2 - 2875

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SOYABEAN (SEP)) Trend Strategy

• Consolidate • Sell on high

TURMERIC (SEP SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2480 • R1 - 2455

Resistance

• R2 - 6600 • R1 - 6450

Support

• S1 - 2400 • S2 - 2370

Support

• S1 - 6200 • S2 - 6050

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