Daily Newsletter-Agri Commodity 28/02/2012

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					Daily Newsletter-Agri Commodity
28/02/2012




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                      MARKET WRAP
        Cardamom extends uptrend on fresh buying

        Mentha oil hits upper circuit on extended buying

        Mustard seed and Soya bean down on profit booking


Cardamom rebounded and advanced 4% on the back of extended buying as it added

35.6 pts or 4%. Mentha oil advanced for fourth consecutive day hitting upper circuitry on

robust demand outlook and firm demand from Pharma sector. Mustard seed ended

down and shredded 2.8% or 104 pts while Soya bean was down 1.4% or 36 pts as well.


    COMMODITY             P. CLOSE          LAST CLOSE      NET CHANGE         % CHANGE

    CARDAMOM               891.20             926.80            35.60             4.00

       CHANA              3,761.00           3,772.00           11.00             0.29

     GUARGUM             55,340.00          57,554.00         2,214.00            4.00

     GUARSEED            17,364.00          18,059.00          695.00             4.00

       JEERA             13,840.00          13,890.00           50.00             0.36

    MENTHA OIL            1,796.80           1,868.70           71.90             4.00

       PEPPER            36,230.00          36,800.00          570.00             1.57

   MUSTARD SEED           3,699.00           3,595.00          -104.00           -2.81

     SOYABEAN             2,609.50           2,573.50          -36.00            -1.38

     TURMERIC             4,744.00           4,698.00          -46.00            -0.97




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                                                          info@capitalheight.com
                                                           Phone- (0731)4295950



                        TECHNICAL VIEW
     CARDAMOM (MAR)                         CHANA (MAR)

  Trend        • Consolidate       Trend        • Consolidate
               • Buy on dips     Strategy       • Buy on dips
Strategy
               • R2 - 965                       • R2 - 3920
Resistance                       Resistance
               • R1 - 935                       • R1 - 3800
               • S1 - 920                       • S1 - 3700
 Support                          Support
               • S2 - 900                       • S2 - 3600


      GUARGUM (MAR)                         GUARSEED (MAR)

  Trend        • Consolidate       Trend        • Consolidate
Strategy       • Buy on dips                    • Buy on dips
                                 Strategy
               • R2 - 57900                      • R2 - 17900
Resistance                       Resistance
               • R1 - 55800                      • R1 - 17400
               • S1 - 54950                     • S1 - 17250
 Support                          Support
               • S2 - 53500                     • S2 - 16800


           JEERA (MAR)                    MENTHA OIL (FEB)

  Trend        • Consolidate      Trend         • Consolidate
Strategy       • Sell on high    Strategy       • Buy on dips
               • R2 - 14350                     • R2 - 1930
Resistance                      Resistance
               • R1 - 14050                     • R1 - 1880
               • S1 - 13750                     • S1 - 1850
 Support                         Support
               • S2 - 13440                     • S2 - 1810


           PEPPER (MAR)              MUSTARD SEED (MAY)

  Trend        • Consolidate      Trend         • Consolidate
Strategy       • Sell on high    Strategy       • Sell on high
               • R2 - 37900                     • R2 - 3700
Resistance                       Resistance
               • R1 - 37130                     • R1 - 3640
               • S1 - 36400                     • S1 - 3560
 Support       • S2 - 35700       Support
                                                • S2 - 3490


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                                                       capitalheight.wordpress.com
                                                                                                         info@capitalheight.com
                                                                                                          Phone- (0731)4295950



         SOYABEAN (MAR)                                                             TURMERIC (MAY)

    Trend              • Consolidate                                        Trend              • Consolidate
  Strategy             • Buy on dips                                       Strategy            • Sell on high
                       • R2 - 2660                                                             • R2 - 4890
 Resistance                                                               Resistance
                       • R1 - 2600                                                             • R1 - 4750
                       • S1 - 2540                                                             • S1 - 4650
   Support                                                                  Support
                       • S2 - 2490                                                             • S2 - 4540




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Description: Cardamom extends uptrend on fresh buying. Mentha oil hits upper circuit on extended buying. Mustard seed and Soya bean down on profit booking. Cardamom rebounded and advanced 4% on the back of extended buying as it added 35.6 pts or 4%. Mentha oil advanced for fourth consecutive day hitting upper circuitry on robust demand outlook and firm demand from Pharma sector. Mustard seed ended down and shredded 2.8% or 104 pts while Soya bean was down 1.4% or 36 pts as well.