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Daily Newsletter27/04/2011

Daily Newsletter-Agri Commodity

www.capitalheight.com

Agri Commodity



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Phone- (0731)4295950

MARKET WRAP

Turmeric down on arrivals

Jeera down on arrivals

Pepper down on profit booking

Soya bean, soy oil tracking global market cues

Chana recovers from contract low

Guar rebounds

Mentha oil rises on supply crunch

Cardamom slumps on fresh arrivals

Turmeric prices in the intraday will trade firm due to improved buying by the market

participants. Stockiest at the market are not willing to offload their stocks at lower levels.

Rising arrivals of Jeera at spot market amid peak arrivals season are keeping the prices

under pressure. Export demand from gulf countries is also very poor which might weigh

on sentiments. Overall trend of Pepper is bullish due to limited stocks and good demand

at domestic and export front. Steady demand for soy meal in local market is likely to

render support to the soybean market. Market talk of meal export enquiry from China is

likely to lend support to the market. The monsoon reports might cause concerns about

the increase in acreage under guar seed which affect the sentiments in the markets.

The absence of any fresh export demand and the continued arrivals is exerting pressure

on the prices. Arrivals of Chana are expected to be in full momentum during this month

which would create good buying level at the physical markets.

TECHNICAL

CARDAMOM (MAY)

GUARGUM (MAY)

JEERA (MAY)

PEPPER (MAY)

• Bearish

• Sell on highs

Trend

Strategy• R2 - 1040

• R1 - 1020Resistance

• S1 - 1000

• S2 - 980 Support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 8900


• S1 - 8550

• S2 - 8400Support

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 15200


• S1 - 14500


• Bullish

• Buy on dips

Trend

Strategy

• R2 - 29500


• S1 - 28000

• S2 - 27500 Support


ECHNICAL VIEW

CHANA (MAY

GUARSEED (MAY

MENTHA OIL (APR

REFINED SOY OIL (MAY

980

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 2345


• S1 - 2285


• Consolidate

• Buy on dips

Trend



• S1 - 3005


• Consolidate

• Buy on dips

Trend



• S1 - 1055


• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 635


• S1 - 615

• S2 - 610Support



[email protected]

Phone- (0731)4295950

MAY)

MAY)

APR)

MAY)

Sell on highs

2345

2320

2285

2265

Consolidate

Buy on dips

3140

3100

3005

2970

Consolidate

Buy on dips

1115

1092

1055

1035

Consolidate

Buy on dips

635

630

615

610

SOYABEAN (MAY)

Disclaimer

The information and views in this report, our website & all the service we provide are believed to

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 - 2470

• R1 - 2450 Resistance

• S1 - 2400



) TURMERIC (MAY

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.

2450

• Bearish

• Sell on highs

Trend

Strategy

• R2 - 9400


• S1 - 8900




[email protected]

Phone- (0731)4295950

MAY)

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


2450

Bearish

Sell on highs

9400

9250

8900

8700

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