Daily AgriCommodity Report By Money CapitalHeight 15-02-2013

Mentha Oil ended lower by more than 2% on account of profit booking by traders at higher levels.

Indore, India (prHWY.com) February 15, 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
R1-36740, R2- 37470 | S1- 35660 S2-34935
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
R1-3240 , R2-3300 | S1- 3145, S2-3080
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, R2-6630, S1-6310, S2-6180
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13507 ,R2-13775 S1-13100 , S2-12840
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1398, R2-1426 | S1-1357 , S2- 1329
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1034 , R2-1055 | S1-1004, S2-982
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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