Agri news letter 11/12/2010


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Agri news letter 11/12/2010

  1. 1. Daily Newsletter Agri Commodity Newsletter-Agri11/12/2010
  2. 2. Phone- (0731)4295950 MARKET WRAP Turmeric drops on short selling Pepper drops on selling pressure Jeera trades down on better sowing ideas Soy oil hits over 2-½, year high on demand Cardamom tumbles on profit booking Mentha oil declines on short selling Guar falls on arrivals Chana down on output viewLower stocks of turmeric till the fresh arrivals expected in the month of February willkeep the prices firm in the near month contract. Prices will also take cues from thedemand from overseas and domestic buyers. Jeera prices dipped due to better sowingactivity in the growing areas and thereby better output is keeping prices weak.According to government data Jeera sowing is down by 25.2% in Gujarat. Marketparticipation in Pepper is expected to be limited in the coming days since most of theexporters and growers take a break during Christmas and New Year period. Mustardseed production may increase this year but a lot will depend upon the near termweather. At international levels, stocks are also expected to decline mainly in EuropeanUnion thus supply situation is expected to remain very tight in these countries whichmay fuel the international market sentiments. Chana sowing in Madhya Pradesh is upby 1.8%.
  3. 3. Phone- (0731)4295950 TECHNICAL VIEW CARDAMOM (DEC) CHANA (DEC DEC) Trend • Consolidate Trend • Bearish • Sell on highs Strategy • Sell on highsStrategy • R2 - 1330 • R2 - 2490Resistance Resistance • R1 - 1265 • R1 - 2470 • S1 - 1210 • S1 - 2440 Support Support • S2 - 1180 • S2 - 2420 GUARGUM (DEC) GUARSEED (DEC DEC) Trend • Consolidate Trend •Consolidate ConsolidateStrategy • Sell on highs •Sell on highs Sell Strategy • R2 - 6400 • R2 - 2500Resistance Resistance • R1 - 6300 • R1 - 2570 • S1 - 6090 • S1 - 2400 Support Support • S2 - 6035 • S2 - 2360 JEERA (DEC) MENTHA OIL (DEC DEC) Trend • Bearish Trend • BearishStrategy • Sell on highs Strategy • Sell on highs •R2 - 14200 • R2 - 1160Resistance Resistance •R1 - 14000 • R1 - 1135 •S1 - 13500 • S1 - 1100 Support Support •S2 - 13225 •S2 - 1070 MUSTARD SEED (DEC) PEPPER (DEC) ) Trend • Bearish Trend • BearishStrategy • Sell on highs Strategy • Sell on highs •R2 - 570 •R2 - 22250Resistance Resistance •R1 - 565 •R1 - 21800 •S1 - 560 •S1 - 21300 Support Support •S2 - 556 •S2 - 21000 capita
  4. 4. Phone- (0731)4295950 SOYABEAN (DEC) TURMERIC (DEC) Trend • Consolidate Trend • Consolidate Strategy • Sell on highs Strategy • Sell on highs •R2 - 2365 •R2 - 15430 Resistance Resistance •R1 - 2250 •R1 - 14900 •S1 - 2215 •S1 - 14300 Support Support •S2 - 2205 •S2 - 13900DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui suitsthem the most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based on perspective.analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does not whileprovide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate madeparticular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall financialnot be responsible for any transaction conducted based on the information given in this report, which is in violation of rule rulesand regulations of MCX and NCDEX.The metals price projections shown are not necessarily indicative of future price performance. The information herein, indicativetogether with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might beholding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so athis free will and does not read any views expressed as a recommendation for which either the site or its owners or anyo anyonecan 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 completeness thereof. we are not responsible for any loss incurredwhatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does notpurport to be an invitation or an offer to buy or sell any financial i instrument. Our Clients (Paid Or Unpaid), Any third party oranyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyonewhich is received directly or indirectly by them. If found so then Seriou Legal Actions can be taken. Serious capita