Daily AgriCommodity Report By Money CapitalHeight 31-01-2013

Turmeric hits upper circuit on short covering at lower levels.

Indore, India (prHWY.com) January 31, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Turmeric hits upper circuit on short covering at lower levels.
* Pepper soars close to 3% on account of restricted supply.
* Jeera shows slight recovery gaining more than a percent.
Turmeric closed the session at 4% upper circuit as traders bought the commodity at attractive levels after the recent sharp fall in prices although overall sentiments remain weak. Dhaniya closed absolutely flat amid seesaw trade. Mentha Oil remains negative on the back of higher production against sluggish demand in domestic markets.

TECHNICAL VIEW

PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39380, R2- 40160 | S1- 38220 S2-37440
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3500, R2-3570| S1-3400 ,S2- 3330
SOYABEAN (February) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3325 , R2-3390 | S1- 3225, S2-3160
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6355, R2-6480 | S1-6165 S2-6040
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6912, R2-7048, S1-6707, S2-6572
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13765 ,R2-14035 S1-13355 , S2-13085
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1270, R2-1295 | S1-1232 , S2- 1207
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1061 , R2-1082 | S1-1030, S2-1008
CASTOR SEED (February) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3565, R2-3635| S1-3460, S2- 3390
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3590, R2-3660| S1- 3502, S2-3430

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