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Daily Newsletter Newsletter-Agri Agri Commodity 15/03/2011

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MARKET WRAP Turmeric falls on profit booking Jeera falls on fresh supply Pepper down on weak exports Soy bean, soy oil fall tracking global leads Chana up on short covering Guar up on demand Cardamom falls on subdued overseas demand

The turmeric arrivals expected to rise in coming weeks could pressurize prices to some extent but traders believe export demand would determine the trend for the commodity. Low stock levels could support the rates further. Thus some firmness could be noted for the commodity amidst high volatility depending on the reports on the production and export front. Demand from US and European countries for Jeera is likely to shift more towards India in coming weeks due to low stocks in the International markets. Export demand from South-East Asian countries have been there. The trend would depend on the crop arrivals of Pepper in Vietnam and its effect on the Indian exports. Oilseeds complex are expected to trade lower due to higher production estimates of soybean in Brazil and China due to favorable weather condition for crop. Higher production estimates of domestic RM Seed this year as compared to last year may pressurize the prices. Guar futures in the medium term would be dependent on the overseas demand scenario. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (APR) Trend Strategy Resistance

• Bearish • Sell on highs • R2 - 1140 • R1 - 1120 • S1 - 1080 • S2 - 1060

Support

GUARGUM (APR) Trend

• Condolidate • Sell on highs

Strategy

CHANA (APR APR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 2570 • R1 - 2540

Support

• S1 - 2490 • S2 - 2460

GUARSEED (APR APR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 8100 • R1 - 8000

Resistance

• R2 - 2860 • R1 - 2800

Support

• S1 - 7640 • S2 - 7500

Support

• S1 - 2700 • S2 - 2650

JEERA (APR) Trend Strategy

• Consolidate • Sell on highs

MENTHA OIL (MAR MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 16500 • R1 - 16200

Resistance

• R2 - 1250 • R1 - 1230

Support

• S1 - 15600 • S2 - 15300

Support

• S1 - 1180 • S2 - 1160

PEPPER (APR) Trend Strategy

• Consolidate • Sell on highs

REFINED SOY OIL (APR APR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 23100 • R1 - 22800

Resistance

• R2 - 625 • R1 - 612

Support

• S1 - 22300 • S2 - 22000

Support

• S1 - 596 • S2 - 585

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SOYABEAN (APR)) Trend Strategy

• Bearish • Sell on highs

TURMERIC (APR) (APR Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 2360 • R1 - 2330

Resistance

• R2 - 10700 • R1 - 10500

Support

• S1 - 2270 • S2 - 2240

Support

• S1 - 10150 • S2 - 10000

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