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Daily Newsletter Agri Commodity
      Newsletter-Agri
04/03/2011




                       www.capitalheight.com
info@capitalheight.com
                                                                           Phone- (0731)4295950



                       MARKET WRAP
        India food inflation eases, but rate rise seen

        Jeera falls on fresh arrivals

        Pepper gains on short covering

        Soy bean, soy oil seen extending gains

        Guar plunges on weak exports

        Chana up on short covering

        Cardamom weakens on active selling


As per the trade sources, prevailing cloudy weather conditions in Rajasthan and some

parts of Gujarat is supporting the Jeera prices despite of poor export demand. Lower

quotes of Pepper offered by Vietnam are pressurizing the prices amid weak export

demand. However, limited arrivals are reporting at spot market of Kochi which might

limit the losses. In Rajasthan the harvesting of Chana might start in ten days time. In the

month ahead, the spot markets are expected to be flooded with the fresh crop arrivals.

Traders are not interested in bulk buying as they are anticipating that growers are still

holding the good quantity of cardamom produce. Poor domestic and export demand

might also weigh on prices. Thus, overall sentiments are bearish but short covering on

losses can’t be over ruled. We expect Guar prices to trade sideways to down due to

decline in the overseas orders at higher rates and may trade in the range of Rs.2800

and Rs. 3050 per quintal. Strength in Crude oil Prices had also led to added to the

bullish market sentiments in Guar.


                                                                             www.capitalheight.com
                                                                        capitalheight.wordpress.com
info@capitalheight.com
                                                            Phone- (0731)4295950



                        TECHNICAL VIEW
     CARDAMOM (MAR)                           CHANA (MAR
                                                     MAR)

  Trend        • Consolidate       Trend         • Bearish
               • Sell on highs    Strategy       • Sell on highs
Strategy
               • R2 - 1140                       • R2 - 2530
Resistance                       Resistance
               • R1 - 1120                       • R1 - 2500
               • S1 - 1060                       • S1 - 2440
 Support                          Support
               • S2 - 1045                       • S2 - 2400


      GUARGUM (MAR)                    GUARSEED (MAR
                                                 MAR)

  Trend        • Consolidate       Trend         • Consolidate
Strategy       • Sell on highs                   • Sell on highs
                                  Strategy
               • R2 - 8485                       • R2 - 2955
Resistance                       Resistance
               • R1 - 8320                       • R1 - 2900
               • S1 - 8000                       • S1 - 2780
 Support                          Support
               • S2 - 7835                       • S2 - 2725


           JEERA (MAR)                MENTHA OIL (MAR
                                                  MAR)

  Trend        • Consolidate      Trend          • Consolidate
Strategy       • Sell on highs   Strategy        • Buy on dips
               • R2 - 17170                      • R2 - 1185
Resistance                       Resistance
               • R1 - 16840                      • R1 - 1165
               • S1 - 16180                      • S1 - 1120
 Support                          Support
               • S2 - 15850                      • S2 - 1100


           PEPPER (MAR)            REFINED SOY OIL (MAR
                                                    MAR)

  Trend        • Consolidate       Trend         • Consolidate
Strategy       • Sell on highs   Strategy        • Sell on highs
               • R2 - 23300                      • R2 - 650
Resistance                       Resistance
               • R1 - 23000                      • R1 - 640
               • S1 - 22170                      • S1 - 620
 Support                          Support
               • S2 - 21700                      • S2 - 610


                                                             www.capitalheight.com
                                                        capitalheight.wordpress.com
info@capitalheight.com
                                                                                                           Phone- (0731)4295950



         SOYABEAN (MAR)
                      )                                                             TURMERIC (APR)
                                                                                             (APR

    Trend              • Consolidate                                         Trend             • Consolidate
  Strategy             • Sell on highs                                     Strategy            • Buy on dips
                       • R2 - 2475                                                             • R2 - 10350
 Resistance                                                                Resistance
                       • R1 - 2445                                                             • R1 - 10200
                       • S1 - 2385                                                             • S1 - 9900
   Support                                                                  Support
                       • S2 - 2355                                                             • S2 - 9700




Disclaimer
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
                                                                                                                          suits
them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
                                                      investment
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
                                                     only
provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate
                            made
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
                                                                                                                         rules
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 Capitalheight might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
                                                    understood
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon
                                                                                                                      anyone
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
                                                         the

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. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
                                                                                      lients
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.




                                                                                                            www.capitalheight.com
                                                                                                       capitalheight.wordpress.com

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Agri Commodity Report by CH

  • 1. Daily Newsletter Agri Commodity Newsletter-Agri 04/03/2011 www.capitalheight.com
  • 2. info@capitalheight.com Phone- (0731)4295950 MARKET WRAP India food inflation eases, but rate rise seen Jeera falls on fresh arrivals Pepper gains on short covering Soy bean, soy oil seen extending gains Guar plunges on weak exports Chana up on short covering Cardamom weakens on active selling As per the trade sources, prevailing cloudy weather conditions in Rajasthan and some parts of Gujarat is supporting the Jeera prices despite of poor export demand. Lower quotes of Pepper offered by Vietnam are pressurizing the prices amid weak export demand. However, limited arrivals are reporting at spot market of Kochi which might limit the losses. In Rajasthan the harvesting of Chana might start in ten days time. In the month ahead, the spot markets are expected to be flooded with the fresh crop arrivals. Traders are not interested in bulk buying as they are anticipating that growers are still holding the good quantity of cardamom produce. Poor domestic and export demand might also weigh on prices. Thus, overall sentiments are bearish but short covering on losses can’t be over ruled. We expect Guar prices to trade sideways to down due to decline in the overseas orders at higher rates and may trade in the range of Rs.2800 and Rs. 3050 per quintal. Strength in Crude oil Prices had also led to added to the bullish market sentiments in Guar. www.capitalheight.com capitalheight.wordpress.com
  • 3. info@capitalheight.com Phone- (0731)4295950 TECHNICAL VIEW CARDAMOM (MAR) CHANA (MAR MAR) Trend • Consolidate Trend • Bearish • Sell on highs Strategy • Sell on highs Strategy • R2 - 1140 • R2 - 2530 Resistance Resistance • R1 - 1120 • R1 - 2500 • S1 - 1060 • S1 - 2440 Support Support • S2 - 1045 • S2 - 2400 GUARGUM (MAR) GUARSEED (MAR MAR) Trend • Consolidate Trend • Consolidate Strategy • Sell on highs • Sell on highs Strategy • R2 - 8485 • R2 - 2955 Resistance Resistance • R1 - 8320 • R1 - 2900 • S1 - 8000 • S1 - 2780 Support Support • S2 - 7835 • S2 - 2725 JEERA (MAR) MENTHA OIL (MAR MAR) Trend • Consolidate Trend • Consolidate Strategy • Sell on highs Strategy • Buy on dips • R2 - 17170 • R2 - 1185 Resistance Resistance • R1 - 16840 • R1 - 1165 • S1 - 16180 • S1 - 1120 Support Support • S2 - 15850 • S2 - 1100 PEPPER (MAR) REFINED SOY OIL (MAR MAR) Trend • Consolidate Trend • Consolidate Strategy • Sell on highs Strategy • Sell on highs • R2 - 23300 • R2 - 650 Resistance Resistance • R1 - 23000 • R1 - 640 • S1 - 22170 • S1 - 620 Support Support • S2 - 21700 • S2 - 610 www.capitalheight.com capitalheight.wordpress.com
  • 4. info@capitalheight.com Phone- (0731)4295950 SOYABEAN (MAR) ) TURMERIC (APR) (APR Trend • Consolidate Trend • Consolidate Strategy • Sell on highs Strategy • Buy on dips • R2 - 2475 • R2 - 10350 Resistance Resistance • R1 - 2445 • R1 - 10200 • S1 - 2385 • S1 - 9900 Support Support • S2 - 2355 • S2 - 9700 Disclaimer 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 suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on investment 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 only provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate made 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 rules 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 Capitalheight might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at understood his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. the 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. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or lients 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. www.capitalheight.com capitalheight.wordpress.com