Agri - Commodity Tips By 24-02-2011

Daily Newsletter24/02/2011

Daily Newsletter-Agri Commodity

www.capitalheight.com

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


• S1 - 8240

• S2 - 8070Support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 17620


• S1 - 16600


• Bearish

• Sell on highs

Trend

Strategy

• R2 - 23780


• S1 - 22405

• S2 - 21950 Support


ECHNICAL VIEW

CHANA (MAR

GUARSEED (MAR

MENTHA OIL (FEB

REFINED SOY OIL (MAR

1104

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 2685


• S1 - 2531


• Consolidate

• Buy on dips

Trend



• S1 - 2875


• Bullish

• Buy on dips

Trend



• S1 - 1105


• Bearish

• Sell on highs

Trend

Strategy

• R2 - 640


• S1 - 610

• S2 - 600Support



[email protected]

Phone- (0731)4295950

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



) 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


analysis and up on sources that we consider reliable.

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


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


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


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


• S1 - 10075




[email protected]

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



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


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


2440

Consolidate

Buy on dips

10690

10484

10075

9866

Agri - Commodity Tips By 24-02-2011

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