Daily Agri -Commodity Tips –11 March
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Transcript of Daily Agri -Commodity Tips –11 March
Daily Newsletter11/03/2011
Daily Newsletter-Agri Commodity
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Agri Commodity
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Phone- (0731)4295950
MARKET WRAP
Spices fell on rising supply & weak exports
Turmeric falls on profit booking
Jeera slumps on fresh arrivals
Pepper regains on short covering
Soy bean, soy oil falls over 2%
Chana moves up on short covering
Guar falls on profit taking
The turmeric arrivals expected to rise in coming weeks could pressurize prices to some
extent but traders believe export demand would determine the trend for the commodity.
Low stock levels could support the rates further. Thus some firmness could be noted for
the commodity amidst high volatility depending on the reports on the production and
export front. Demand from US and European countries for Jeera is likely to shift more
towards India in coming weeks due to low stocks in the International markets. Export
demand from South-East Asian countries have been there. The trend would depend on
the crop arrivals of Pepper in Vietnam and its effect on the Indian exports. Market is
waiting for release of February month edible oil import data, which is likely to be
released next week. Physical markets are witnessing subdued trading on poor demand
and higher supply of the oil. The exporters were interest-ed in buying gum to fulfill their
consignments while the availability of the same is lower. This artificial supply crunch
created for guar gum is expected to support the prices.
TECHNICAL
CARDAMOM (MAR)
GUARGUM (MAR)
JEERA (MAR)
PEPPER (MAR)
• Consolidate
• Sell on highs
Trend
Strategy• R2 - 1143
• R1 - 1121Resistance
• S1 - 1077
• S2 - 1055 Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 8026
• R1 - 7870Resistance
• S1 - 7560
• S2 - 7405Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 16905
• R1 - 16580Resistance
• S1 - 15930
• S2 - 15605Support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 23730
• R1 - 23270Resistance
• S1 - 22350
• S2 - 21890 Support
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ECHNICAL VIEW
CHANA (MAR
GUARSEED (MAR
MENTHA OIL (MAR
REFINED SOY OIL (MAR
1055
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 2550
• R1 - 2500Resistance
• S1 - 2420
• S2 - 2370Support
• Consolidate
• Sell on highs
Trend
Strategy• R2 - 2810
• R1 - 2755Resistance
• S1 - 2648
• S2 - 2594Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 1175
• R1 - 1145Resistance
• S1 - 1100
• S2 - 1078Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 640
• R1 - 630Resistance
• S1 - 600
• S2 - 590Support
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Phone- (0731)4295950
MAR)
MAR)
MAR)
MAR)
Consolidate
Buy on dips
2550
2500
2420
2370
Consolidate
Sell on highs
2810
2755
2648
2594
Consolidate
Buy on dips
1175
1145
1100
1078
Consolidate
Sell on highs
640
630
600
590
SOYABEAN (MAR)
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable,
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 contain
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 decis
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. Capitalhe
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 pe
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 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
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 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
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 2400
• R1 - 2375 Resistance
• S1 - 2300
• S2 - 2275Support
capitalheight.wordpress.com
) TURMERIC (APR
The information and views in this report, our website & all the service we provide are believed to be reliable,
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 contain
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
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalhe
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 anyo
can 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.
2375
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 11100
• R1 - 10900Resistance
• S1 - 10500
• S2 - 10300Support
www.capitalheight.com
capitalheight.wordpress.com
Phone- (0731)4295950
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 suits
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
ion. The report does not
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 rules
rformance. 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
can 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
2375
Consolidate
Buy on dips
11100
10900
10500
10300