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Daily Newsletter Newsletter-Agri Agri Commodity 12/04/2011

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MARKET WRAP Turmeric plunges on poor demand Jeera rises on weak arrivals Pepper futures seen up on low supply Soya bean, soy oil drops on profit booking Chana down on profit booking Guar declines on profit booking Mentha oil falls on profit booking Cardamom surges on domestic demand

Turmeric prices in the intraday will trade firm due to improved buying by the market participants. Stockiest at the market are not willing to offload their stocks at lower levels. Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices under pressure. Weak overseas demand is also adding to the down trend. Pepper prices will depend on demand from the overseas and domestic buyers & will also take cues from prices in the international market of various origins. Declining arrivals and comfortable crush margin is attracting crushers to go for aggressive buying of soybeans from the spot market. Limited supply of the produce because of lean season is likely to render support to the market. The arrivals of Guar are witnessed across the spot markets exerting pressure on the prices while the export demand for the commodity is bleak. The arrival pressure of Chana from Rajasthan is expected to increase in April which might limit the gain in prices. www.capitalheight.com capitalheight.wordpress.com


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TECHNICAL VIEW CARDAMOM (APR) Trend Strategy Resistance

• Consolidate • Sell on highs • R2 - 1125 • R1 - 1115 • S1 - 1070 • S2 - 1050

Support

GUARGUM (APR) Trend

• Consolidate • Sell on highs

Strategy

CHANA (APR APR) Trend Strategy

• Bearish • Sell on highs

Resistance

• R2 - 2440 • R1 - 2400

Support

• S1 - 2300 • S2 - 2270

GUARSEED (APR APR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 8560 • R1 - 8450

Resistance

• R2 - 2980 • R1 - 2940

Support

• S1 - 8150 • S2 - 8070

Support

• S1 - 2865 • S2 - 2845

JEERA (APR) Trend Strategy

• Consolidate • Sell on highs

MENTHA OIL (APR APR) Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 16000 • R1 - 15800

Resistance

• R2 - 1085 • R1 - 1065

Support

• S1 - 15450 • S2 - 15280

Support

• S1 - 1025 • S2 - 1005

PEPPER (APR) Trend Strategy

• Consolidate • Buy on dips

REFINED SOY OIL (APR APR) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 27000 • R1 - 26800

Resistance

• R2 - 640 • R1 - 630

Support

• S1 - 26300 • S2 - 25900

Support

• S1 - 615 • S2 - 605

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SOYABEAN (APR)) Trend Strategy

• Consolidate • Buy on dips

TURMERIC (APR) (APR Trend Strategy

• Consolidate • Sell on highs

Resistance

• R2 - 2470 • R1 - 2450

Resistance

• R2 - 10600 • R1 - 10400

Support

• S1 - 2400 • S2 - 2380

Support

• S1 - 10100 • S2 - 9950

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