Daily AgriCommodity Report By MarketMagnify 18-02-2013

Dhaniya hits 4% upper circuit for second straight session on account of limited supply due to unfavorable weather conditions in the major production belts in North India

Indore, India (prHWY.com) February 18, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Dhaniya closes on upper circuit owing to limited supply.
* Jeera remains weak losing close to 1% on higher production concerns.
* Pepper closes with moderate loss showing correction at higher levels.
Dhaniya hits 4% upper circuit for second straight session on account of limited supply due to unfavorable weather conditions in the major production belts in North India. Soybean consolidates throughout the trading session closing virtually flat. Mentha Oil declines more than 1% although better price realization may provide support.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-37410, R2- 38150 | S1- 36300 S2-35570
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3500, R2-3565| S1-3390 ,S2- 3325
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3265 , R2-3330 | S1- 3170, S2-3105
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6490, R2-6620 | S1-6300 S2-6170
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-7025, R2-7165, S1-6820, S2-6680
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13636 ,R2-13900 S1-13230 , S2-12965
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1414, R2-1440 | S1-1371 , S2- 1344
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1023 , R2-1044 | S1-992, S2-970
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3610, R2-3680| S1-3500, S2- 3430
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3510, R2-3575| S1- 3405, S2-3340

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