Daily AgriCommodity Report By Money CapitalHeight 08-02-2013

Dhaniya ended lower by 1.50% approx. on account of low demand in domestic markets due to prevailing high rates.

Indore, India (prHWY.com) February 8, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Turmeric tumbles more than 1% owing to sluggish demand.
* Jeera consolidates with sideways movement closing almost flat.
* Dhaniya declines for third consecutive day losing more than a percent.
Dhaniya ended lower by 1.50% approx. on account of low demand in domestic markets due to prevailing high rates. Cardamom showed slight recovery after two continuous days of sharp decline and closed with moderate gains. Soybean witnessed a volatile trading session ending virtually flat, may show upside movement in upcoming session.

TECHNICAL VIEW

PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39180, R2- 39950 | S1- 38020 S2-37250
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3470, R2-3545| S1-3365 ,S2- 3300
SOYABEAN (February) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3360 , R2-3425 | S1- 3260, S2-3190
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6370, R2-6495 | S1-6180 S2-6060
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6690, R2-6820, S1-6500, S2-6360
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13695 ,R2-13965 S1-13290 , S2-13020
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1359, R2-1386 | S1-1318 , S2- 1292
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1024 , R2-1047 | S1-997, S2-976
CASTOR SEED (February) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3540, R2-3610| S1-3435, S2- 3370
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3460, R2-3525| S1- 3365, S2-3280


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