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Daily Newsletter-Agri Commodity 21/09/2011

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MARKET WRAP Jeera ends down on profit booking Pepper hits a new contract high Turmeric ends up on short covering Guar gum & seed up on fresh buying Mentha oil extends uptrend for 2nd day Chana hits multi years high RM Seed ends up on short covering Cardamom hits upper circuit on fresh buying

Jeera is expected to trade sideways to negative due to weak demand and higher arrivals in the market from fresh crop though expected rise in export demand will support the prices at the lower level. Chana is expected to trade sideways to positive due to strong domestic demand amid ongoing festive season and lower production at global front will also support the price. Cardamom is expected to trade sideways to positive due to fresh buying on the back of strong demand in the markets amid tight supply from the fresh crop and fresh demand ahead of festival session as well. Pepper is expected to trade sideways to positive due to thin supply and steady demand outlook on the back of rise in domestic and international market demand. Turmeric is expected trade sideways to

positive due

to

increased domestic demand ahead of festivals though any news of higher arrivals in the market from fresh crop will pressurize the prices gains on the upside. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (OCT) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 830 • R1 - 810 • S1 - 790 • S2 - 770

Support

GUARGUM (OCT) Trend

• Consolidate • Buy on dips

Strategy

CHANA (OCT) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 3750 • R1 - 3690

Support

• S1 - 3615 • S2 - 3550

GUARSEED (OCT) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 14950 • R1 - 14650

Resistance

• R2 - 4800 • R1 - 4715

Support

• S1 - 14350 • S2 - 14050

Support

• S1 - 4615 • S2 - 4530

JEERA (OCT) Trend Strategy

• Consolidate • Sell on high

MENTHA OIL (OCT) Trend

Strategy

• Bullish • Buy on dips

Resistance

• R2 - 16300 • R1 - 16000

Resistance

• R2 - 1380 • R1 - 1355

Support

• S1 - 15700 • S2 - 15400

Support

• S1 - 1330 • S2 - 1305

PEPPER (OCT) Trend Strategy

• Bullish • Buy on dips

MUSTARD SEED (OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 37800 • R1 - 37100

Resistance

• R2 - 3055 • R1 - 2995

Support

• S1 - 36350 • S2 - 35650

Support

• S1 - 2930 • S2 - 2870

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info@capitalheight.com Phone- (0731)4295950

SOYABEAN (OCT) Trend Strategy

• Consolidate • Sell on high

TURMERIC (OCT) Trend Strategy

• Bearish • Sell on high

Resistance

• R2 - 2335 • R1 - 2295

Resistance

• R2 - 4780 • R1 - 4695

Support

• S1 - 2250 • S2 - 2210

Support

• S1 - 4600 • S2 - 4530

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