Daily AgriCommodity Report By MarketMagnify 25-02-2013

Jeera witnessed a sharp decline towards the end of the session owing to favorable weather conditions in key jeera growing regions losing close to 2.50%. Chana remains in consolidation phase ending with marginal gains.

Indore, India (prHWY.com) February 25, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Dhaniya closes in red territory amid high volatility.
* Soybean shows correction to end lower by over a percent.
* Jeera tumbled more than 2% due to favorable weather conditions.

Jeera witnessed a sharp decline towards the end of the session owing to favorable weather conditions in key jeera growing regions losing close to 2.50%. Chana remains in consolidation phase ending with marginal gains. Pepper shows slight recovery from lower levels on short covering although better crop production is likely to keep pressure.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-38490, R2- 39250 | S1- 37350 S2-36590
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
R1-3375 , R2-3440 | S1- 3275, S2-3210
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6240, R2-6360 | S1-6050 S2-5930
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6915, R2-7050, S1-6710, S2-6575
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13280 ,R2-13545 S1-12890 , S2-12630
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1322, R2-1347 | S1-1283 , S2- 1256
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-985 , R2-1005 | S1-956, S2-937
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3660, R2-3730| S1-3550, S2- 3475
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3400, R2-3570| S1- 3400, S2-3325

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