Daily AgriCommodity Report By Market Magnify Financial Services 04-02-2013

Dhaniya declined close to 2% on Saturday after facing resistance from a downward sloping trend line. Cardamom consolidates with negative bias throughout the trading session closing with minimal loss.

Indore, India (prHWY.com) February 4, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Chana declines further weak on higher production concerns.
* Pepper rises for fifth consecutive day on the back of quality issue.
* Dhaniya dived close to 2% working well with downward sloping trend line.
Dhaniya declined close to 2% on Saturday after facing resistance from a downward sloping trend line. Cardamom consolidates with negative bias throughout the trading session closing with minimal loss. Turmeric shows slight recovery ending higher by almost a percent although regular arrivals may pressurize the prices.

TECHNICAL VIEW

PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39430, R2- 40210 | S1- 38265 S2-37490
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3515, R2-3585| S1-3410 ,S2- 3340
SOYABEAN (February) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3360 , R2-3425 | S1- 3260, S2-3200
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6275, R2-6400 | S1-6090 S2-5970
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6730, R2-6860, S1-6530, S2-6400
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14000 ,R2-14270 S1-13580 , S2-13310
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1310, R2-1336 | S1-1271 , S2- 1246
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1036 , R2-1056 | S1-1005, S2-984
CASTOR SEED (February) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3550, R2-3620| S1-3445, S2- 3375
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3530, R2-3600| S1- 3425, S2-3360

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