Daily AgriCommodity Report By MarketMagnify 26-02-2013

Dhaniya witnessed a sharp decline on Monday on account of subdued demand in the major spot markets due to high moisture content in new crop, although estimates of lower production for the year is likely to provide support.

Indore, India (prHWY.com) February 26, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Mentha Oil crashed to end a whisker short of the lower circuit.
* Chana declines close to 2% on fresh arrivals in the domestic market.
* Dhaniya tumbles 2.5% on reports of high moisture content in new crop.
Dhaniya witnessed a sharp decline on Monday on account of subdued demand in the major spot markets due to high moisture content in new crop, although estimates of lower production for the year is likely to provide support. Jeera continues downward movement losing close to 2% on improved weather conditions in key growing areas.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-37890, R2- 38640 | S1- 36770 S2-36025
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3470, R2-3540| S1-3370 ,S2- 3300
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- 6320, R2-6445 | S1-6130 S2-6010
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6740, R2-6870, S1-6550, S2-6400
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13090 ,R2-13350 S1-12705 , S2-12450
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1270, R2-1295 | S1-1232 , S2- 1207
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-989 , R2-1008 | S1-959, S2-940
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3677, R2-3750| S1-3570, S2- 3495
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3440, R2-3500| S1- 3335, S2-3270

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