Daily AgriCommodity Report By Money CapitalHeight 08-03-2013

Cardamom closed with a gain of more than 3% rising for the first time in seven days on short covering by traders.

indore, India (prHWY.com) March 8, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Turmeric extends gains due to limited supply in the markets.
* Cardamom snaps five day losing streak on short covering by traders.
* Castor Seed ends higher by more than 1% recovering from lower levels.

Cardamom closed with a gain of more than 3% rising for the first time in seven days on short covering by traders. Dhaniya closed the trading session almost flat amid seesaw trade. RM Seed showed positive movement for most part of the day correcting little towards the end after facing resistance of 21 EMA closing with moderate gains.

TECHNICAL VIEW

PEPPER (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35100, R2- 35790 | S1- 34060 S2-33370
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3460, R2-3525| S1-3355 ,S2- 3287
SOYABEAN (April) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3480 , R2-3550 | S1- 3375, S2-3310
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6560, R2-6690 | S1-6370 S2-6240
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6660, R2-6800, S1-6460, S2-6330
JEERA (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13240 ,R2-13500 S1-12845 , S2-12590
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1261, R2-1286 | S1-1224 , S2- 1199
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-906 , R2-924 | S1-880, S2-862
CASTOR SEED (April) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3862, R2-3940| S1-3750, S2- 3670
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3400, R2-3465| S1- 3295, S2-3230


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