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Daily Commodity Agri News Letter by CapitalHeight 22-01-2011http://www.capitalheight.wordpress.comhttp://www.capitalheight.com9993066624
Content
Daily Newsletter Agri Commodity Newsletter-Agri
22/01/2011
www.capitalheight.com
[email protected] Phone- (0731)4295950
MARKET WRAP
Turmeric trades up on fresh buying Pepper trade slightly up on domestic demand Jeera up on low supply Chana futures hit contract high Guar futures hit contract high Soy bean, soy oil ends higher
Turmeric price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade slightly higher on firm overseas market as dry weather concern in Argentina and lower production estimates of Malaysian palm oil. Decline in supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom market is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend.
www.capitalheight.com capitalheight.wordpress.com
[email protected] Phone- (0731)4295950
TECHNICAL VIEW
CARDAMOM (FEB)
Trend Strategy
Resistance Support
• Consolidate • Sell on highs • R2 - 1550 • R1 - 1540 • S1 - 1480 • S2 - 1450
CHANA (FEB) )
Trend Strategy
Resistance Support • Bullish • Buy on dips • R2 - 2790 • R1 - 2760 • S1 - 2670 • S2 - 2615
GUARGUM (FEB)
Trend Strategy
Resistance Support
• Bullish • Buy on dips • R2 - 7620 • R1 - 7400 • S1 - 7250 • S2 - 7190
GUARSEED (FEB FEB)
Trend Strategy
Resistance Support
• Bullish • Buy on dips • R2 - 2845 • R1 - 2820 • S1 - 2750 • S2 - 2710
JEERA (FEB)
Trend Strategy
Resistance Support
• Consolidate • Buy on dips • R2 - 15455 • R1 - 15315 • S1 - 14970 • S2 - 14760
MENTHA OIL (JAN JAN)
Trend Strategy
Resistance Support • Consolidate • Buy on dips • R2 - 1195 • R1 - 1185 • S1 - 1150 • S2 - 1135
PEPPER (FEB)
Trend Strategy
Resistance Support
• Consolidate • Buy on dips • R2 - 23500 • R1 - 23200 • S1 - 22700 • S2 - 22400
REFINED SOY OIL (FEB)
Trend Strategy
Resistance Support • Bullish • Buy on dips • R2 - 668 • R1 - 664 • S1 - 654 • S2 - 648
www.capitalheight.com capitalheight.wordpress.com
[email protected] Phone- (0731)4295950
SOYABEAN (FEB) )
Trend Strategy
Resistance Support • Bullish • Buy on dips • R2 - 2550 • R1 - 2535 • S1 - 2495 • S2 - 2470
TURMERIC (APR) (APR
Trend Strategy
Resistance Support • Consolidate • Buy on dips • R2 - 10310 • R1 - 10260 • S1 - 10150 • S2 - 10095
Disclaimer
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 suits 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. lysis 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 made particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules ible and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The informatio herein, information 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 a at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon anyone 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 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 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 Report which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com
22/01/2011
www.capitalheight.com
[email protected] Phone- (0731)4295950
MARKET WRAP
Turmeric trades up on fresh buying Pepper trade slightly up on domestic demand Jeera up on low supply Chana futures hit contract high Guar futures hit contract high Soy bean, soy oil ends higher
Turmeric price trend in the short term are likely to depend on the arrivals and demand from the overseas and domestic buyers. Despite, lower stocks of Jeera with other producers, buyers in the international market are closely monitoring prices of the Indian market as fresh arrivals will commence from the end of January. Indian Pepper prices are now competitive in international market and Vietnam crop is expected to hit the market by mid of March till then India has good export opportunity. Refined soy oil prices are expected to trade slightly higher on firm overseas market as dry weather concern in Argentina and lower production estimates of Malaysian palm oil. Decline in supply of the produce at major spot markets and active buying interest from gum manufacturers is likely to support the Guar prices. Weather would be an important factor to be watched for as the final estimates on the Chana crop would mainly depend on the weather conditions during the crop development period. Cardamom market is attracting late buyers & early shorts; market is vulnerable to a sharp correction but likely that correction will be brought creating a buy point for uptrend.
www.capitalheight.com capitalheight.wordpress.com
[email protected] Phone- (0731)4295950
TECHNICAL VIEW
CARDAMOM (FEB)
Trend Strategy
Resistance Support
• Consolidate • Sell on highs • R2 - 1550 • R1 - 1540 • S1 - 1480 • S2 - 1450
CHANA (FEB) )
Trend Strategy
Resistance Support • Bullish • Buy on dips • R2 - 2790 • R1 - 2760 • S1 - 2670 • S2 - 2615
GUARGUM (FEB)
Trend Strategy
Resistance Support
• Bullish • Buy on dips • R2 - 7620 • R1 - 7400 • S1 - 7250 • S2 - 7190
GUARSEED (FEB FEB)
Trend Strategy
Resistance Support
• Bullish • Buy on dips • R2 - 2845 • R1 - 2820 • S1 - 2750 • S2 - 2710
JEERA (FEB)
Trend Strategy
Resistance Support
• Consolidate • Buy on dips • R2 - 15455 • R1 - 15315 • S1 - 14970 • S2 - 14760
MENTHA OIL (JAN JAN)
Trend Strategy
Resistance Support • Consolidate • Buy on dips • R2 - 1195 • R1 - 1185 • S1 - 1150 • S2 - 1135
PEPPER (FEB)
Trend Strategy
Resistance Support
• Consolidate • Buy on dips • R2 - 23500 • R1 - 23200 • S1 - 22700 • S2 - 22400
REFINED SOY OIL (FEB)
Trend Strategy
Resistance Support • Bullish • Buy on dips • R2 - 668 • R1 - 664 • S1 - 654 • S2 - 648
www.capitalheight.com capitalheight.wordpress.com
[email protected] Phone- (0731)4295950
SOYABEAN (FEB) )
Trend Strategy
Resistance Support • Bullish • Buy on dips • R2 - 2550 • R1 - 2535 • S1 - 2495 • S2 - 2470
TURMERIC (APR) (APR
Trend Strategy
Resistance Support • Consolidate • Buy on dips • R2 - 10310 • R1 - 10260 • S1 - 10150 • S2 - 10095
Disclaimer
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 suits 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. lysis 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 made particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules ible and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The informatio herein, information 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 a at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon anyone 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 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 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 Report which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com capitalheight.wordpress.com
