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Daily Newsletter Newsletter-Agri Agri Commodity 20/08/2011

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MARKET WRAP Soy oil ends higher on global cues Guar seed regains on weak sowing Pepper ends up on supply pressures Chana gains on bargain buying Cardamom extends downtrend Jeera ends higher due to lower arrivals Soybean ends up on firm demand

Chana futures is expected to trade positive to sideways due to bargain buying at lower level owing to better demand in the

physical market ahead of festivals and lower

arrival. Pepper futures are expected to trade sideways to positive due to limited stocks available in the market while exports demand will also support the prices in the near term. Guar seed is expected to trade sideways to up due to fresh buying by the traders on the back of lower acreage are, also, expectation of exports picking up in the near term will support the prices at lower level. Jeera in intraday is expected to trade sideways to up due to lower arrival in the market while its neckline of head and shoulder pattern on the daily chart will also support the prices at lower level. Soy oil ended higher and is expected to trade sideways to positive due to firm demand in edible oils in the physical market. Demand is rising in local markets for upcoming festive seasons. Turmeric is expected to trade sideways to negative due to poor demand from the domestic market while short covering can support prices in near term. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (SEP) Trend Strategy Resistance

• Consolidate • Sell on high • R2 - 830 • R1 - 805 • S1 - 770 • S2 - 750

Support

GUARGUM (SEP) Trend

• Consolidate • Sell on high

Strategy

CHANA (SEP)) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 3170 • R1 - 3120

Support

• S1 - 3040 • S2 -2990 2990

GUARSEED (SEP SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 14200 • R1 - 13850

Resistance

• R2 - 4510 • R1 - 4450

Support

• S1 - 13300 • S2 - 12900

Support

• S1 - 4320 • S2 - 4270

JEERA (SEP) Trend Strategy

• Consolidate • Sell on high

MENTHA OIL (SEP SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 16200 • R1 - 15900

Resistance

• R2 - 1180 • R1 - 1160

Support

• S1 - 15200 • S2 - 14800

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 - 33000 • R1 - 32200

Resistance

• R2 - 2950 • R1 - 2920

Support

• S1 - 31400 • S2 - 30700

Support

• S1 - 2880 • S2 - 2850

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SOYABEAN (SEP)) Trend Strategy

• Consolidate • Sell on high

TURMERIC (SEP SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 2460 • R1 - 2430

Resistance

• R2 - 6400 • R1 - 6250

Support

• S1 - 2370 • S2 - 2340

Support

• S1 - 6050 • S2 - 5900

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