Daily Agri Newsletter -19-03-11 by capitalHeight


Daily Newsletter Agri Commodity

                                                                          Phone- (0731)4295950

                      MARKET WRAP
        India spices fall on weak domestic, export demand

        Turmeric falls on higher arrivals

        Jeera slumps on higher arrivals

        Pepper gains on domestic demand

        Soy bean, soy oil futures up on global cues & demand

        Chana drops on fresh arrivals

        Guar remains steady

The turmeric price trend in the short term is likely to depend on the arrivals and demand

from the overseas and domestic buyers. Jeera prices in the intraday may trade

sideways owing to demand from the local stockists and expectation of better arrivals in

the market. Any recovery in demand from the overseas buyers however will support

Jeera prices in the short term. Prices quoted by India for Pepper in international market

moved up to $5050 per ton which is very much in order with the prices quoted in other

origins. Therefore, few export inquires can be expected in coming days. Domestic

traders and investors are likely to sell Refined Oil futures anticipating shrink in the

demand for oil with the progress of summer season. Higher production estimates of RM

Seed this year as compared to last year may pressurize the prices. Guar futures would

be dependent on the overseas demand scenario. Notwithstanding expected bumper

production of pulses during 2011-12, India would require to import 3.40 million tonne of

the Chana to match the enhanced demand.

                                                             Phone- (0731)4295950

                        TECHNICAL VIEW
     CARDAMOM (APR)                                  APR)
                                              CHANA (APR

  Trend        • Consolidate       Trend          • Consolidate
               • Sell on highs    Strategy        • Sell on highs
               • R2 - 1170                        • R2 - 2600
Resistance                       Resistance
               • R1 - 1150                        • R1 - 2550
               • S1 - 1110                        • S1 - 2490
 Support                          Support
               • S2 - 1090                        • S2 - 2460

      GUARGUM (APR)                               APR)
                                        GUARSEED (APR

  Trend        • Condolidate       Trend          • Consolidate
Strategy       • Buy on dips                      • Buy on dips
               • R2 - 8505                        • R2 - 2980
Resistance                       Resistance
               • R1 - 8345                        • R1 - 2925
               • S1 - 8020                        • S1 - 2810
 Support                          Support
               • S2 - 7855                        • S2 - 2765

           JEERA (APR)                            MAR)
                                      MENTHA OIL (MAR

  Trend        • Consolidate      Trend          • Bullish
Strategy       • Sell on highs   Strategy        • Buy on dips
               • R2 - 16770                      • R2 - 1315
Resistance                       Resistance
               • R1 - 16450                      • R1 - 1290
               • S1 - 15810                      • S1 - 1240
 Support                          Support
               • S2 - 15490                      • S2 - 1215

           PEPPER (APR)                             APR)
                                   REFINED SOY OIL (APR

  Trend        • Consolidate       Trend          • Consolidate
Strategy       • Sell on highs   Strategy         • Sell on highs
               • R2 - 24200                       • R2 - 635
Resistance                       Resistance
               • R1 - 23750                       • R1 - 625
               • S1 - 22800                       • S1 - 610
 Support                          Support
               • S2 - 22350                       • S2 - 600

                                                                                                           Phone- (0731)4295950

         SOYABEAN (APR)                                                                     (APR
                                                                                   TURMERIC (APR)

    Trend              • Consolidate                                         Trend             • Bearish
  Strategy             • Sell on highs                                     Strategy            • Sell on highs
                       • R2 - 2400                                                             • R2 - 10400
 Resistance                                                                Resistance
                       • R1 - 2375                                                             • R1 - 10200
                       • S1 - 2325                                                             • S1 - 9800
   Support                                                                  Support
                       • S2 - 2300                                                             • S2 - 9600

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility

The information given herein should be treated as only factor, while making investment decision. The report does not
provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial advis Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
and regulations of MCX and NCDEX.

The metals price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyo
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

We, however, do not vouch for the accuracy or the comple completeness thereof. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not
                                                                     instrument. Our Clients (Paid Or Unpaid), Any third party or
purport to be an invitation or an offer to buy or sell any financial i
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Seriou Legal Actions can be taken.


To top