Spices up on fresh buying, Jeera leads * Chana ends up with marginal gains * Mentha oil tumbles on profit booking
(prHWY.com) February 4, 2012 - Indore, India -- MARKET WRAP FOR AGRI COMMODITY
* Spices up on fresh buying, Jeera leads
* Chana ends up with marginal gains
* Mentha oil tumbles on profit booking
Spices traded in green today on the back of short covering and fresh buying at lower level with Jeera leading; up 3.24% or 464 pts while Pepper advanced 2.7% or 795 pts followed by Turmeric gaining marginal 12 pts. Mentha oil tumbled nearly 3% shredding 45.70 pts on the back of profit booking at higher levels on concerns of higher supply.
MARKET WRAP FOR AGRI COMMODITY
TECHNICAL VIEW
CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 680, R2- 705 | S1- 665 S2- 640
CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3330, R2- 3410| S1- 3260, S2- 3190
GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 41300, R2- 42500| S1- 40500, S2- 39300
GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12540, R2-12900 | S1- 12300, S2- 11940
JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 14900, R2- 15220 | S1-14600, S2- 14300
MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1560, R2- 1590 | S1- 1530, S2- 1500
PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 30600, R2- 31300 | S1- 29900, S2- 29300
MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 3280, R2- 3360 | S1- 3210, S2- 3150
SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 2460 R2- 2510 | S1- 2410, S2- 2360
TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4650, R2- 4750 | S1-4540, S2-4440
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