Download - Daily agri newsletter 19-03-11
Daily Newsletter19/03/2011
Daily Newsletter-Agri Commodity
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Agri Commodity
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MARKET WRAP
India spices fall on weak domestic, export demand
Turmeric falls on higher arrivals
Jeera slumps on higher arrivals
Pepper gains on domestic demand
Soy bean, soy oil futures up on global cues & demand
Chana drops on fresh arrivals
Guar remains steady
The turmeric price trend in the short term is likely to depend on the arrivals and demand
from the overseas and domestic buyers. Jeera prices in the intraday may trade
sideways owing to demand from the local stockists and expectation of better arrivals in
the market. Any recovery in demand from the overseas buyers however will support
Jeera prices in the short term. Prices quoted by India for Pepper in international market
moved up to $5050 per ton which is very much in order with the prices quoted in other
origins. Therefore, few export inquires can be expected in coming days. Domestic
traders and investors are likely to sell Refined Oil futures anticipating shrink in the
demand for oil with the progress of summer season. Higher production estimates of RM
Seed this year as compared to last year may pressurize the prices. Guar futures would
be dependent on the overseas demand scenario. Notwithstanding expected bumper
production of pulses during 2011-12, India would require to import 3.40 million tonne of
the Chana to match the enhanced demand.
TECHNICAL
CARDAMOM (APR)
GUARGUM (APR)
JEERA (APR)
PEPPER (APR)
• Consolidate
• Sell on highs
Trend
Strategy• R2 - 1170
• R1 - 1150Resistance
• S1 - 1110
• S2 - 1090 Support
• Condolidate
• Buy on dips
Trend
Strategy
• R2 - 8505
• R1 - 8345Resistance
• S1 - 8020
• S2 - 7855Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 16770
• R1 - 16450Resistance
• S1 - 15810
• S2 - 15490Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 24200
• R1 - 23750Resistance
• S1 - 22800
• S2 - 22350 Support
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ECHNICAL VIEW
CHANA (APR
GUARSEED (APR
MENTHA OIL (MAR
REFINED SOY OIL (APR
1090
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 2600
• R1 - 2550Resistance
• S1 - 2490
• S2 - 2460Support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 2980
• R1 - 2925Resistance
• S1 - 2810
• S2 - 2765Support
• Bullish
• Buy on dips
Trend
Strategy• R2 - 1315
• R1 - 1290Resistance
• S1 - 1240
• S2 - 1215Support
• Consolidate
• Sell on highs
Trend
Strategy
• R2 - 635
• R1 - 625Resistance
• S1 - 610
• S2 - 600Support
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APR)
APR)
MAR)
APR)
Consolidate
Sell on highs
2600
2550
2490
2460
Consolidate
Buy on dips
2980
2925
2810
2765
Buy on dips
1315
1290
1240
1215
Consolidate
Sell on highs
635
625
610
600
SOYABEAN (APR)
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 inform
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 inv
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 advis
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 fu
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 - 2325
• S2 - 2300Support
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) 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
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. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial advis
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
• Bearish
• Sell on highs
Trend
Strategy
• R2 - 10400
• R1 - 10200Resistance
• S1 - 9800
• S2 - 9600Support
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TURMERIC (APR)
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
ation contained herein is based on
estment 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. Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
ture price performance. 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
Bearish
Sell on highs
10400
10200
9800
9600