Daily Agri Commodity NewsLetter 07-02-2012

* Chana rebounds on extended buying * Mentha oil tumbles on profit booking Guar gum and Seed hits 4% lower circuit

Indore, India (prHWY.com) February 7, 2012 - MARKET WRAP FOR AGRI COMMODITY

* Chana rebounds on extended buying
* Mentha oil tumbles on profit booking
Guar gum and Seed hits 4% lower circuit

* Chana rebounded trimming last trading session losses on the back of extended buying at lower levels due to lower production concerns. Mentha oil shredded 1.71% or 26.60 pts on the back of profit booking. Jeera and Pepper shredded nearly 1% each. Guar gum and seed ended down on lower circuit due to NCDEX restriction on new contract.
MARKET WRAP FOR AGRI COMMODITY

TECHNICAL VIEW

CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 695, R2- 715 | S1- 680 S2- 665

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3370, R2- 3440| S1- 3290, S2- 3200

GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 39500, R2- 40670| S1- 38660, S2- 37400

GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12120, R2-12500 | S1- 11900, S2- 11500

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 14300, R2- 14650 | S1-14000, S2- 13700

MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1540, R2- 1570 | S1- 1510, S2- 1475

PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 30250, R2- 30950 | S1- 29600, S2- 28900

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 3420, R2- 3500 | S1- 3350, S2- 3260

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 2520 R2- 2580 | S1- 2470, S2- 2410

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4700, R2- 4810 | S1-4600, S2-4490

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