Daily AgriCommodity Report By MarketMagnify 01-03-2013

Dhaniya consolidates with sideways movement after opening gap down on a day of low trading volume and interest closing in red territory. Mentha Oil closes virtually flat amid high volatility on the day of contract expiry.

Indore, India (prHWY.com) March 1, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Castor Seed declines close to a percent on profit booking.
* Turmeric closes with marginal gains holding its support level.
* Soybean extends gain as traders buy the commodity at attractive levels.
Dhaniya consolidates with sideways movement after opening gap down on a day of low trading volume and interest closing in red territory. Mentha Oil closes virtually flat amid high volatility on the day of contract expiry. Castor Seed snaps three day gaining streak witnessing profit booking by traders at higher levels losing close to a percent.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-38200, R2- 38950 | S1- 37070 S2-36320
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3435, R2-3500| S1-3340 ,S2- 3265
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3370 , R2-3435 | S1- 3270, S2-3200
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6280, R2-6400 | S1-6095 S2-5970
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6665, R2-6800, S1-6465, S2-6340
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13170 ,R2-13430 S1-12775 , S2-12510
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1260, R2-1284 | S1-1222 , S2- 1197
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-977 , R2-996 | S1-948, S2-928
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3810, R2-3885| S1-3700, S2- 3625
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3380, R2-3450| S1- 3280, S2-3215



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