Daily Agri Commodity NewsLetter 08-02-2012

* Cardamom hits upper circuit on extended buying * Guar gum and seed extend downtrend on profit booking * Spices ended in red, Pepper worst; down 1.57%

Indore, India (prHWY.com) February 7, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Cardamom hits upper circuit on extended buying
* Guar gum and seed extend downtrend on profit booking
* Spices ended in red, Pepper worst; down 1.57%

Cardamom ended in green hitting upper circuit or 27.5 pts on the back of extended buying due to expected rise in demand and low arrivals. Guar gum and seed ended down nearly 3% each due to profit booking. In spices, Turmeric and Pepper ended down shredding nearly 20 pts each. Chana ended flat on positive bias, up 4 pts or 0.1%.

TECHNICAL VIEW
CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1 - 725 R2 - 750 | S1- 705 S2- 680

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- 32300, R2-39500 | S1- 37500, S2- 36200

GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1-11800, R2-12200| S1- 11600, S2- 11200

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- 1530, R2- 1570 | S1- 1500, S2- 1475

PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 29800, R2- 30500 | S1- 29200, S2- 28400

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 3400, 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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