Daily AgriCommodity Report By MarketMagnify 27-02-2013

Chana ended lower by more than a percent on account of rise in supply in markets owing to improved weather conditions in the major producing regions although lower arrivals of tur and urad may provide prices a support.

Indore, India (prHWY.com) February 27, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Castor Seed soars close to 2% on lower production estimates.
* Soybean closes with marginal loss tracking international markets.
* Chana loses more than 1% on account of higher supply in markets.
Chana ended lower by more than a percent on account of rise in supply in markets owing to improved weather conditions in the major producing regions although lower arrivals of tur and urad may provide prices a support. Pepper and RM Seed witness a decline of close to 1% each on sluggish domestic demand due to end of winter season.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-37590, R2- 38330 | S1- 36480 S2-35740
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3450, R2-3515| S1-3350 ,S2- 3280
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3350 , R2-3415 | S1- 3250, S2-3185
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
R1-6750, R2-6885, S1-6550, S2-6420
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- 1279, R2-1304 | S1-1241 , S2- 1216
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-998 , R2-1016 | S1-968, S2-950
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3745, R2-3820| S1-3635, S2- 3560
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3400, R2-3465| S1- 3295, S2-3230


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