Daily AgriCommodity Report By Money CapitalHeight 14-02-2013

Mentha Oil shows slight recovery on Wednesday after the steep fall of previous two sessions gaining a little over 1%.

Indore, India (prHWY.com) February 14, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Dhaniya ends lower by close to 2% on the back of subdued demand.
* Turmeric remains range bound closing with gain of close to a percent.
* Chana extends recovery on short covering by traders at lower levels.

Mentha Oil shows slight recovery on Wednesday after the steep fall of previous two sessions gaining a little over 1%. RM Seed consolidates throughout the trading session ending with minimal loss and is likely to remain bearish on account of higher production estimates. Dhaniya loses 1.75% on the back of lower demand at prevailing high prices.

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
R1-3215 , R2-3280 | S1- 3120, S2-3055
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6410, R2-6535 | S1-6220 S2-6090
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6500, R2-6635, S1-6315, S2-6185
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13360 ,R2-13620 S1-12960 , S2-12700
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1406, R2-1434 | S1-1364 , S2- 1337
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1026 , R2-1046 | S1-996, S2-975
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
R1-3500, R2-3575| S1- 3400, S2-3335

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