Daily Agri commodity report
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Transcript of Daily Agri commodity report
Daily Newsletter19/07/2011
Daily Newsletter-Agri Commodity
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Agri Commodity
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MARKET WRAP
Chana falls on profit booking
Jeera regains on short covering
Pepper rebounds on fresh buying
Oilseeds, soy oil ease on higher soybean area
Guar up on lower stock
Cardamom surges on weak arrivals
Mentha oil slumps on weak industrial demand
The sowing progress of Kharif pulses has been good in Maharashtra and Madhya
Pradesh which is likely to have a negative impact over market sentiments. The
Cardamom August futures are expected to continue to trade up short covering. Export
demand from gulf is expected to support the prices. Good export & domestic demand,
lower stocks and a fall in production of Pepper are likely to support the market
sentiments in the near term. There is some scope for upside movement on the back of a
strong demand of Mentha oil from pharmaceutical companies, besides export demand.
Weak monsoon progress over north-west India might further delay the Guar sowing in
rain fed regions of Rajasthan which is likely to push the prices further upside. Turmeric
futures may remain sideways following reports of slowdown in sowing due to poor rains
in producing regions. Broad fundamentals like the lower global oil seed production
forecast and rape seed crop concerns in Ukraine might drive the prices upside. CPO
futures are likely to dip on Malaysian prices.
TECHNICAL
CARDAMOM (AUG)
GUARGUM (AUG)
JEERA (AUG)
PEPPER (AUG)
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 905
• R1 - 890Resistance
• S1 - 860
• S2 - 845 Support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 13250
• R1 - 13100Resistance
• S1 - 12750
• S2 - 12600Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 16600
• R1 - 16200Resistance
• S1 - 15700
• S2 - 15600Support
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 29350
• R1 - 28900Resistance
• S1 - 28050
• S2 - 27400Support
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ECHNICAL VIEW
CHANA (AUG
GUARSEED (AUG
MENTHA OIL (JULY
MUSTARD SEED (AUG
845
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 3030
• R1 - 2955Resistance
• S1 - 2900
• S2 - 2860Support
• Bullish
• Buy on dips
Trend
Strategy• R2 - 4220
• R1 - 4180Resistance
• S1 - 4090
• S2 - 4040Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 1130
• R1 - 1110Resistance
• S1 - 1070
• S2 - 1050Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 2990
• R1 - 2970Resistance
• S1 - 2930
• S2 - 2900Support
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AUG)
AUG)
JULY)
AUG)
Buy on dips
3030
2955
2900
2860
Buy on dips
4220
4180
4090
4040
Consolidate
Buy on dips
1130
1110
1070
1050
Consolidate
Buy on dips
2990
2970
2930
2900
SOYABEAN (AUG)
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 t
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.
independently evaluate particular investments and strategie
adviser. Money Capitalheight Research Pvt Ltd.
information given in this report, which is in violation of rules and regulations
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
Research Pvt Ltd. 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 eit
the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the accepta
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.
whatsoever for any financial profits or loss which may arise from the recommendations above.
Research Pvt Ltd. does not purport to be an invitation or an offer to buy or sell any financial instrument.
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 rec
taken.
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 2370
• R1 - 2350 Resistance
• S1 - 2300
• S2 - 2270Support
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) TURMERIC (AUG
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
be treated as only factor, while making investment decision. The report does not
made investment advice. Money Capitalheight Research Pvt Ltd. recommends that investors
independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial
Money Capitalheight Research Pvt Ltd.shall not be responsible for any transaction conducted based on the
information given in this report, which is in violation of rules and regulations of MCX and NCDEX.
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
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 eit
the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the accepta
Investment in Commodity and equity market has its own risks.
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.
o be an invitation or an offer to buy or sell any financial instrument.
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
2350
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 7450
• R1 - 7350Resistance
• S1 - 7150
• S2 - 7050Support
www.capitalheight.com
capitalheight.wordpress.com
Phone- (0731)4295950
AUG)
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
he right investment perspective. The information contained herein is based on
be treated as only factor, while making investment decision. The report does not
recommends that investors
s, and encourages investors to seek the advice of a financial
shall not be responsible for any transaction conducted based on the
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 Money 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 can be held responsible for . Any surfing and reading of the information is the acceptance
we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Money Capitalheight
o 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
eived directly or indirectly by them. If found so then Serious Legal Actions can be
2350
Consolidate
Sell on high
7450
7350
7150
7050