Daily AgriCommodity Report By MarketMagnify 13-02-2013

Mentha Oil ended lower by more than 2% on account of profit booking by traders at higher levels. Turmeric remains in consolidation phase sustaining at its support level and closed the day with minimal loss.

Indore, India (prHWY.com) February 13, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Cardamom nosedives by more than 3% on continuous arrivals.
* Castor Seed remains weak owing to higher production estimates.
* Dhaniya extends recovery on lower level buying gaining close to 2%.

Mentha Oil ended lower by more than 2% on account of profit booking by traders at higher levels. Turmeric remains in consolidation phase sustaining at its support level and closed the day with minimal loss. Cardamom declines for fourth consecutive session as continuous stock arrivals in the markets pressurize the prices further.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39483, R2- 40261 | S1- 38315 S2-37540
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3465, R2-3530| S1-3360 ,S2- 3292
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3235 , R2-3300 | S1- 3140, S2-3076
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6350, R2-6480 | S1-6165 S2-6040
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6625, R2-6760, S1-6432, S2-6300
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13410 ,R2-13675 S1-13015 , S2-12750
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1395, R2-1420 | S1-1352 , S2- 1325
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-965 , R2-984 | S1-937, S2-918
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3555, R2-3625| S1-3460, S2- 3380

CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3475, R2-3544| S1- 3372, S2-3300

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