Daily AgriCommodity Report

Daily Newsletter21/07/2011

Daily Newsletter-Agri Commodity

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Agri Commodity

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MARKET WRAP

Chana hits contract high

Jeera trades higher on export demand

Pepper up on tight supply

Oilseeds, soy oil rise on demand & positive global cues

Guar hits contract high

Turmeric tumbles on short covering

Mentha oil surges on industrial demand

The demand for Mustard oil which is specific to few northern regions might support the

recovery in the prices. Jeera prices are forecast to extend the positive trend on rising

export demand amid delay in Syria crop due to prevailing unrest which might support

the prices. The sowing progress of Kharif pulses has been good in Maharashtra and

Madhya Pradesh which is likely to have a negative impact over market sentiments. The

ongoing demand across the physical markets is likely to support the Chana prices to

gain. The Cardamom August futures are expected to continue to trade up on short

covering. Export demand from gulf is expected to support the prices. There is some

scope for upside movement on the back of a strong demand of Mentha oil from

pharmaceutical companies, besides export demand. Weak monsoon progress over

north-west India might further delay the Guar sowing in rain fed regions of Rajasthan

which is likely to push the prices further upside. Turmeric futures may remain sideways

following reports of slowdown in sowing due to poor rains in producing regions.

TECHNICAL

CARDAMOM (AUG)

GUARGUM (AUG)

JEERA (AUG)

PEPPER (AUG)

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 890

• R1 - 880Resistance

• S1 - 845

• S2 - 830 Support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 13780

• R1 - 13500Resistance

• S1 - 13000

• S2 - 12800Support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 17000

• R1 - 16600Resistance

• S1 - 15950

• S2 - 15700Support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 29200

• R1 - 28600Resistance

• S1 - 27900

• S2 - 27200Support

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ECHNICAL VIEW

CHANA (AUG

GUARSEED (AUG

MENTHA OIL (JULY

MUSTARD SEED (AUG

830

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 3030

• R1 - 3000Resistance

• S1 - 2950

• S2 - 2920Support

• Bullish

• Buy on dips

Trend

Strategy• R2 - 4400

• R1 - 4300Resistance

• S1 - 4180

• S2 - 4150Support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 1175

• R1 - 1155Resistance

• S1 - 1100

• S2 - 1080Support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 3030

• R1 - 3005Resistance

• S1 - 2950

• S2 - 2910Support

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AUG)

AUG)

JULY)

AUG)

Buy on dips

3030

3000

2950

2920

Buy on dips

4400

4300

4180

4150

Consolidate

Buy on dips

1175

1155

1100

1080

Consolidate

Buy on dips

3030

3005

2950

2910

SOYABEAN (AUG)

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 suits

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 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.

independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial

adviser. Money CapitalHeight Research Pvt Ltd.

information given in this report, which is in violation of rules and regulations of MCX and NCDEX.

The metals price projections shown are not necessarily indicative of future price perform

together with all estimates and forecasts, can change without notice. Analyst or any person related to

Research Pvt Ltd. might be holding positions in the stocks recommended. It is understood that anyone wh

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

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 thereof.

whatsoever for any financial profits or loss which may arise from the recommendations above.

Research Pvt Ltd. does not purport to be an invitation or an offer to buy or sell any financial instrument.

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.

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 2465

• R1 - 2435 Resistance

• S1 - 2350

• S2 - 2320 Support

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) TURMERIC (AUG

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not

for errors of fact or opinion. Users have the right to choose the product/s that suits

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on

e 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

de investment advice. Money CapitalHeight Research Pvt Ltd. recommends that investors

independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial

eight Research Pvt Ltd.shall not be responsible for any transaction conducted based on the

information given in this report, which is in violation of rules and regulations of MCX and NCDEX.

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

might be holding positions in the stocks recommended. It is understood that anyone wh

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

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

ancial profits or loss which may arise from the recommendations above.

does not purport to be an invitation or an offer to buy or sell any financial instrument.

yone 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

2435

• Bearish

• Sell on high

Trend

Strategy

• R2 - 7400

• R1 - 7250Resistance

• S1 - 7000

• S2 - 6850Support

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[email protected]

Phone- (0731)4295950

AUG)

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not

for errors of fact or opinion. Users have the right to choose the product/s that suits

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on

The information given herein should be treated as only factor, while making investment decision. The report does not

recommends that investors

independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial

shall not be responsible for any transaction conducted based on the

ance. The information herein,

together with all estimates and forecasts, can change without notice. Analyst or any person related to Money 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

we are not responsible for any loss incurred

ancial profits or loss which may arise from the recommendations above. Money CapitalHeight

does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or

yone 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

2435

Bearish

Sell on high

7400

7250

7000

6850