Daily AgriCommodity Report
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Transcript of Daily AgriCommodity Report
Daily Newsletter29/07/2011
Daily Newsletter-Agri Commodity
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Agri Commodity
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MARKET WRAP
Chana edges down on lower demand
Jeera down on profit sales
Pepper down on low demand
Oilseeds, soy oil extend losses on good weather
Guar drops on higher stocks
Mentha oil up on short covering
Soy oil futures prices might continue the losses at the Indian commodity bourses owing
to the higher production estimates of the palm oil in Indonesia and Malaysia. Market
might be driven by concerns of likely decline in bio diesel production in Indonesia.
Soybean futures might retain decline owing to the recovery in weather in U.S and good
sowing prospects in India. Traders are liquidating both loosing short positions & closing
winning long positions in Cardamom so a higher probability is, the market is set to
retrace in price lower. Weak production prospects of Chana in Canada are likely to have
a positive impact over Indian market sentiments. The sowing progress of Kharif pulses
has been good in Maharashtra, Madhya Pradesh and Rajasthan which might limit the
gains. Huge arrivals of Cardamom from fresh crop are likely to pressurize the prices.
Turmeric prices in the intraday may trade range bound to firm on account of improved
buying at lower levels. Price trend in the short term is likely to depend on distribution of
rainfall in the growing areas and demand for the spice from domestic and overseas
buyers.
TECHNICAL
CARDAMOM (AUG)
GUARGUM (AUG)
JEERA (AUG)
PEPPER (AUG)
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 890
• R1 - 870Resistance
• S1 - 835
• S2 - 815 Support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 15100
• R1 - 14750Resistance
• S1 - 14200
• S2 - 13940Support
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 16930
• R1 - 16550Resistance
• S1 - 15500
• S2 - 15300Support
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 29800
• R1 - 29300Resistance
• S1 - 28450
• S2 - 28000Support
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ECHNICAL VIEW
CHANA (AUG
GUARSEED (AUG
MENTHA OIL (AUG
MUSTARD SEED (AUG
815
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 3155
• R1 - 3120Resistance
• S1 - 3030
• S2 - 2990Support
• Bullish
• Buy on dips
Trend
Strategy• R2 - 4720
• R1 - 4630Resistance
• S1 - 4440
• S2 - 4355Support
• Consolidate
• Sell on highs
Trend
Strategy• R2 - 1155
• R1 - 1135Resistance
• S1 - 1090
• S2 - 1070Support
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 2990
• R1 - 2970Resistance
• S1 - 2910
• S2 - 2895Support
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Phone- (0731)4295950
AUG)
AUG)
AUG)
AUG)
Consolidate
Buy on dips
3155
3120
3030
2990
Buy on dips
4720
4630
4440
4355
Consolidate
Sell on highs
1155
1135
1090
1070
Consolidate
Sell on high
2990
2970
2910
2895
SOYABEAN (AUG)
Disclaimer
The information and views in this report, our website & all the service
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 investm
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 on
provide individually tailor-made investment advice.
independently evaluate particular investments and strategies, and encourage
adviser. Money CapitalHeight Research Pvt Ltd.
information given in this report, which is in violation of rules and regulations of MCX and NCD
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 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.
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 invita
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
taken.
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 2450
• R1 - 2425 Resistance
• S1 - 2380
• S2 - 2360 Support
capitalheight.wordpress.com
) 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
The information given herein should 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
eight 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 either
or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance
Investment in Commodity and equity market has its own risks.
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.
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 received directly or indirectly by them. If found so then Serious Legal Actions can be
2425
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 7680
• R1 - 7540Resistance
• S1 - 7150
• S2 - 7050Support
www.capitalheight.com
capitalheight.wordpress.com
Phone- (0731)4295950
AUG)
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
ent perspective. The information contained herein is based on
ly factor, while making investment decision. The report does not
recommends that investors
s 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
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
tion 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
or indirectly by them. If found so then Serious Legal Actions can be
2425
Consolidate
Sell on high
7680
7540
7150
7050