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Daily Newsletter Newsletter-Agri Agri Commodity 10/06/2011

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MARKET WRAP Chana up on bargain buying Jeera declines on sluggish demand Pepper ends down on profit booking Soybean trades on mixed trend Guar falls on profit booking Mentha oil trades down on sluggish demand Cardamom ends down on profit booking Turmeric falls on weak exports

We expect the guar seed and gum to trade downside as increase in arrivals from stocks across the spot markets this week is likely to pressurize the prices. Stockiest buying in anticipation of the upcoming festive demand is likely to keep the futures positive. We expect Chana to retain its uptrend as the ongoing demand across the spot market is supportive for futures to trade upside. Soybean may be negative as the activities across the domestic spot markets are very sluggish with lean season for arrivals and subdued demand. The soy oil futures might recover from the fall while the gains might be limited as the global supply concerns for the next year and prevailing demand for the edible oils across the domestic markets are supportive for the prices. Jeera prices in the intraday may trade negative due to weak trades at the domestic market. However, any reports of crop damage & production of spice in Syria & Turkey might support prices in the short term. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (JUNE) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 795 • R1 - 780 • S1 - 750 • S2 - 735

Support

GUARGUM (JUNE) Trend

• Consolidate • Buy on dips

Strategy

CHANA (JUNE JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 2615 • R1 - 2580

Support

• S1 - 2540 • S2 - 2500

GUARSEED (JUNE JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 10500 • R1 - 10400

Resistance

• R2 - 3330 • R1 - 3290

Support

• S1 - 10100 • S2 - 9850

Support

• S1 - 3220 • S2 - 3180

JEERA (JUNE) Trend Strategy

• Consolidate • Sell on high

MENTHA OIL (JUNE JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 14250 • R1 - 13920

Resistance

• R2 - 915 • R1 - 890

Support

• S1 - 13520 • S2 - 13350

Support

• S1 - 855 • S2 - 840

PEPPER (JUNE) Trend Strategy

• Consolidate • Buy on dips

REFINED SOY OIL (JUNE JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 30650 • R1 - 29850

Resistance

• R2 - 660 • R1 - 654

Support

• S1 - 29120 • S2 - 28500

Support

• S1 - 642 • S2 - 636

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SOYABEAN (JUNE)) Trend Strategy

• Consolidate • Sell on high

TURMERIC (JUNE JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2390 • R1 - 2360

Resistance

• R2 - 7520 • R1 - 7360

Support

• S1 - 2325 • S2 - 2300

Support

• S1 - 7180 • S2 - 7000

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