Daily AgriCommodity Report By Money CapitalHeight 09-01-2013

Soybean declines for fifth consecutive session closing with a loss of close to 1% but managed to sustain at the major support level of 3090.

Indore, India (prHWY.com) January 8, 2013 - MARKET WRAP FOR AGRICOMMODITY
* Dhaniya soars 3% on account of tight supply in the markets.
* Chana extends gains ending higher by more than a percent.
* Turmeric shows slight correction after the rally of previous session.

Soybean declines for fifth consecutive session closing with a loss of close to 1% but managed to sustain at the major support level of 3090. Jeera continues to show volatile movements ending lower by more than a percent. Cardamom tumbled more than 2% on the back of fresh arrivals in domestic markets and sluggish export demand.
TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35360, R2- 36060 | S1- 34320 S2-33620
RM SEED (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4250, R2-4340| S1-4130 ,S2- 4045
SOYABEAN (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3140 , R2-3200 | S1- 3050 S2-2985
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6960, R2-7095 | S1-6750 S2-6620
DHANIYA (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6160, R2-6285, S1-5980 , S2-5860
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14700 ,R2-14980 S1-14260 , S2-13970
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1437, R2-1466 | S1-1395 , S2- 1367
CARDAMOM (January) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1005 , R2-1025 | S1-972, S2-954
CASTOR SEED (January) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3850, R2-3930| S1-3740, S2- 3660
CHANA (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-4125, R2-4205| S1-4000, S2-3920

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