Daily AgriCommodity Report By Market Magnify 19-02-2013

Mentha Oil closes at 4% upper circuit on account of better price realization and favorable crop conditions.

Indore, India (prHWY.com) February 19, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Mentha Oil hits upper circuit on favorable crop conditions.
* Dhaniya dwindles close to 3% on profit booking at higher levels.
* Cardamom declines more than 3% on weak spot market reports from Idukki.
Mentha Oil closes at 4% upper circuit on account of better price realization and favorable crop conditions. Turmeric advances for fifth consecutive trading session due to estimates of lower production owing to insufficient rainfall in major producing regions of South. Pepper remains positive on restricted supply closing with a net gain of 3%.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate |Strategy:Buy on dips
R1-38580, R2- 39340 |S1-37440 S2-36680
RM SEED (April ) VIEW
Trend: Consolidate |Strategy: Sell on high
R1-3530, R2-3600|S1-3430 ,S2-3360
SOYABEAN (March) VIEW
Trend: Consolidate |Strategy: Sell on high
R1-3310,R2-3375|S1- 3210, S2-3145
TURMERIC (April) VIEW
Trend: Bullish |Strategy:Buy on dips
R1- 6515, R2-6640 |S1-6320 S2-6190
DHANIYA (April ) VIEW
Trend: Consolidate |Strategy: Buy on dips
R1-6820, R2-6950, S1-6615, S2-6480
JEERA (March) VIEW
Trend: Consolidate |Strategy: Buy on dips
R1-13570 ,R2-13840 S1-13170, S2-12900
MENTHA OIL (February) VIEW
Trend: Consolidate |Strategy: Buy on dips
R1- 1470, R2-1498 |S1-1426, S2- 1397
CARDAMOM (March) VIEW
Trend: Consolidate |Strategy: Buy on Dips
R1-991, R2-1010 |S1-961, S2-942
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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