Daily AgriCommodity Report By Money CapitalHeight 31-12-2012

Dhaniya rallied towards the end of the trading session taking support from a rising trend line erasing entire loss of the previous session.

Indore, India (prHWY.com) December 31, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Jeera extends decline on higher production estimates.
* Dhaniya rebounds from its trend line support closing up by 3%.
* Castor Seed consolidates with sideways movement closing almost flat..
Dhaniya rallied towards the end of the trading session taking support from a rising trend line erasing entire loss of the previous session. Jeera continues to decline ending with a loss more than a percent on the back of higher production estimates due to increased sowing in state of Gujarat. Pepper ends the day virtually flat amid volatility.

TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-34500, R2- 35175 | S1- 33475 S2-32800
RM SEED (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4250, R2-4335 | S1-4125 ,S2- 4040
SOYABEAN (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3290 , R2-3350 | S1- 3190 S2-3125
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6700, R2-6830 | S1-6500 S2-6390
DHANIYA (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5400, R2-5505, S1-5240 , S2-5130
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14920 ,R2-15215 S1-14480 , S2-14185
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1452, R2-1480 | S1-1408 , S2- 1380
CARDAMOM (January) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1030 , R2-1052 | S1-1000, S2-980
CASTOR SEED (January) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3700, R2-3770| S1-3590, S2- 3515
CHANA (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3865, R2-3940| S1-3750, S2-3670

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