The daily newsletter provides the following updates on commodity markets:
1) Chana (chickpeas) remains range bound, jeera (cumin) gains on weak arrivals, and pepper increases on short covering.
2) Oilseeds and soy oil drop 1% due to monsoons and global markets. Guar falls on rains and turmeric declines on profit taking.
3) Cardamom touches a lower circuit. The technical views provide analysis and trading strategies for various commodities.
2. info@capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Chana remains range bound
Jeera gains on weak arrivals
Pepper up on short covering
Oilseeds, soy oil drops 1% on monsoons & global markets
Guar falls on rains
Turmeric down on profit taking
Cardamom touches lower circuit
Turmeric futures are expected to trade on slightly positive because of drastic fall in
prices growers are becoming reluctant in further selling of their produce. Jeera futures
are expected to continue the bearish trend on poor domestic demand. Lack of active
buying at spot market is likely to pull down the prices. The gains in both guar seed and
gum futures have been substantial during last week. Therefore traders might take
advantage of these gains and might go for profit booking. Monsoon is likely to reach
Pakistan by Wednesday which might affect the Indian market sentiments. Broad based
selling in oilseeds complex in both domestic & international markets is keeping a check
on the upside movement. Cardamom futures are projected to continue the positive
trend. Fresh buying at lower level is likely to support the prices. However, prices might
take decent correction initially on profit selling on higher levels. Damage of recently
sown pulse crops in Canada due to excessive rains has sent an alarming signal to the
farmers not to prefer pulses for the ongoing sowing season.
www.capitalheight.com
capitalheight.wordpress.com
4. info@capitalheight.com
Phone- (0731)4295950
SOYABEAN (JULY)
) TURMERIC (JULY
JULY)
Trend • Consolidate Trend • Consolidate
Strategy • Sell on high Strategy • Buy on dips
• R2 - 2310 • R2 - 7950
Resistance Resistance
• R1 - 2290 • R1 - 7800
• S1 - 2250 • S1 - 7600
Support Support
• S2 - 2230 • S2 - 7450
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
information
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
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
adviser.
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,
of
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
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.
acceptance
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
cial
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
o
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com
capitalheight.wordpress.com