Daily AgriCommodity Market News 29-03-2012

* Soya bean closed flat, low production support prices. * Uptrend ends in RM Seed, prices down by 2.2%.

INDORE, India (prHWY.com) March 29, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Soya bean closed flat, low production support prices.
* Uptrend ends in RM Seed, prices down by 2.2%.
* Cardamom declines on low demand, may show mixed trend.
Jeera was volatile in the previous session. It opened gap up then followed an uptrend, but then prices fell down and close flat at the end. Chana down by 2.7 %, expected to touch 3520 in the next trading session. Pepper down by 3%, trend remain uncertain this week. Turmeric closed flat, may follow a mixed trend in the next trading session.

TECHNICAL VIEW
PEPPER (FEB) VIEW
Trend: Consolidate| Strategy: Sell On Highs
R1- 41180, R2- 41880 | S1- 40520, S2- 39820

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 3839, R2- 3914 | S1- 3769, S2- 3694

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3033 R2- 3083 | S1- 2983, S2- 2933

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4304, R2- 4404| S1-4204, S2-4104

GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 25560, R2-25200 | S1- 24960 S2- 24600

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12110, R2- 12410 | S1-11810, S2- 11510

MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Sell On Highs
R1- 2206, R2- 2232 | S1- 2180, S2- 2154

CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Sell On Highs
R1- 1164, R2- 1178| S1-1150, S2- 1136

CHANA (FEB) VIEW
Trend: Consolidate| Strategy: Buy On Dips
R1- 3713, R2-3643| S1- 3573, S2- 3503

GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 81370, R2- 82570| S1- 80570, S2- 79370

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