* 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%
(prHWY.com) February 7, 2012 - Indore, India -- 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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