agri - commodity tips by 24-02-2011
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Daily Newsletter24/02/2011
Daily Newsletter-Agri Commodity
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Agri Commodity
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MARKET WRAP
Turmeric gains on firm domestic demand
Jeera hits new contract high on output view
Pepper declines on selling pressure
Soy bean, soy oil drop 2% on global cues
Guar falls on profit taking
Chana down on increased arrivals
Mentha oil rises on short covering
Demand for Turmeric from the overseas and domestic has improved supporting prices
to remain firm. Nizamabad market is likely to remain closed till Thursday due to
Telangana Agitation. Heavy rains in Nizamabad region are further supporting the upside
in prices. Jeera prices may trade bullish owing to rains in Rajasthan and reports of
ground frost in Gujarat which might damage the standing crop. This will support prices
to strengthen in the short term. Limited arrivals of Pepper are reporting at spot market of
Kochi which might support the prices. As per trade sources, arrivals are not picking up
from both India and Vietnam which is creating confusion among the investors. Lower
quotes offered by Vietnam might weigh on prices in coming days. The arrivals come to
an end across the spot markets of Chana in Maharashtra, Karnataka and Andhra
Pradesh. The government is concerned about the food inflation levels and the budget
session ahead is weighing on the market sentiments. The guar gum and seed prices
are finding good buying support from the crude oil extracting countries across the globe.
TECHNICAL
CARDAMOM (MAR)
GUARGUM (MAR)
JEERA (MAR)
PEPPER (MAR)
• Bearish
• Sell on highs
Trend
Strategy• R2 - 1192
• R1 - 1170Resistance
• S1 - 1126
• S2 - 1104 Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 8750
• R1 - 8580Resistance
• S1 - 8240
• S2 - 8070Support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 17620
• R1 - 17280Resistance
• S1 - 16600
• S2 - 16260Support
• Bearish
• Sell on highs
Trend
Strategy
• R2 - 23780
• R1 - 23325Resistance
• S1 - 22405
• S2 - 21950 Support
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ECHNICAL VIEW
CHANA (MAR
GUARSEED (MAR
MENTHA OIL (FEB
REFINED SOY OIL (MAR
1104
• Bearish
• Sell on highs
Trend
Strategy
• R2 - 2685
• R1 - 2635Resistance
• S1 - 2531
• S2 - 2480Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 3050
• R1 - 2990Resistance
• S1 - 2875
• S2 - 2815Support
• Bullish
• Buy on dips
Trend
Strategy• R2 - 1172
• R1 - 1150Resistance
• S1 - 1105
• S2 - 1082Support
• Bearish
• Sell on highs
Trend
Strategy
• R2 - 640
• R1 - 630Resistance
• S1 - 610
• S2 - 600Support
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MAR)
MAR)
FEB)
MAR)
Sell on highs
2685
2635
2531
2480
Consolidate
Buy on dips
3050
2990
2875
2815
Buy on dips
1172
1150
1105
1082
Sell on highs
640
630
610
600
SOYABEAN (MAR)
Disclaimer
The information and views in this report, our website &
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 responsib
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 adviser. 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
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 anyon
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 completeness
whatsoever for any financial profits or loss which may arise from the recommendations above.
purport to be an invitation or an offer to buy or sell any financial instrum
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 Serious Lega
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 2480
• R1 - 2440 Resistance
• S1 - 2345
• S2 - 2300Support
capitalheight.wordpress.com
) TURMERIC (APR
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
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
made investment advice. Capitalheight recommends that investors independently evaluate
ments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
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
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 anyon
n be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
Investment in Commodity and equity market has its own risks.
We, however, do not vouch for the accuracy or the 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
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
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 Serious Legal Actions can be taken.
2440
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 10690
• R1 - 10484Resistance
• S1 - 10075
• S2 - 9866Support
www.capitalheight.com
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info@capitalheight.com
Phone- (0731)4295950
TURMERIC (APR)
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 suits
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not
made investment advice. Capitalheight recommends that investors independently evaluate
ments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
price projections shown are not necessarily indicative of future price performance. The information herein,
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 anyone
n be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
2440
Consolidate
Buy on dips
10690
10484
10075
9866
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