Today AgriCommodity Report By Market Magnify 12-03-2013

Cardamom witnessed a sharp rally towards the end of the day on fresh buying at lower levels erasing entire loss made almost immediately and closed with gain of close to a percent.

Indore, India (prHWY.com) March 12, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Mentha Oil tumbles more than 2% breaking support level of 1232.
* Cardamom closes with moderate gains on fresh buying at lower levels.
* Jeera consolidates to close the trading session absolutely flat.
Cardamom witnessed a sharp rally towards the end of the day on fresh buying at lower levels erasing entire loss made almost immediately and closed with gain of close to a percent. RM Seed & Soybean remain positive on demand revival in global markets.Castor Seed ends with marginal loss on account of sufficient supply in markets.

TECHNICAL VIEW

PEPPER (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35300, R2- 36000 | S1- 34260 S2-33570
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3550, R2-3620| S1-3445 ,S2- 3375
SOYABEAN (April) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3610 , R2-3680 | S1- 3500, S2-3430
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6745, R2-6880 | S1-6540 S2-6412
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6630, R2-6760, S1-6440, S2-6300
JEERA (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13400 ,R2-13660 S1-13000 , S2-12740
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1231, R2-1256 | S1-1195 , S2- 1170
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-930 , R2-949 | S1-902, S2-885
CASTOR SEED (April) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3830, R2-3910| S1-3720, S2- 3645
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3410, R2-3485| S1- 3310, S2-3246



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