Daily AgriCommodity NewsLetter By Money CapitalHeight 20-03-2012

* Turmeric under pressure on higher production estimates. * Jeera extends bearish trend, closed on lower circuit * RM Seed closed flat, demand decrease on higher price.

INDORE, India (prHWY.com) March 20, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Turmeric under pressure on higher production estimates.
* Jeera extends bearish trend, closed on lower circuit
* RM Seed closed flat, demand decrease on higher price.
*
High selling pressure is seen in Turmeric and it has successfully taken support from its lower level. Now we can expect some recovery in Turmeric. Soyabean closed flat today, whereas Cardamom continues its bullish trend.

TECHNICAL VIEW
PEPPER (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 44205, R2- 44905 | S1- 43545, S2- 42845

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 3920, R2- 3995 | S1- 3850, S2- 3775

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2931 R2- 2981 | S1- 2881, S2- 2831

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4330, R2- 4430 | S1-4230, S2-4130

GUARSEED (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 27760, R2-28120 | S1- 27520, S2- 27160

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12833, R2- 13133 | S1-12533, S2- 12233

MENTHA OIL (JAN) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 2378, R2- 2404 | S1- 2352, S2- 2326

CARDAMOM (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 1351, R2- 1365| S1-1317 S2- 1323

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3825, R2- 3895| S1- 3755, S2- 3685

GUARGUM (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 89080, R2- 90280| S1- 88280, S2- 87080

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