Daily AgriCommodity Market News 30-03-2012

* Jeera prices recovered on low crop estimates, closed above 12000. * Soya bean extends its bullish trend, prices up by 1.5 %.

INDORE, India (prHWY.com) March 30, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Jeera prices recovered on low crop estimates, closed above 12000.
* Soya bean extends its bullish trend, prices up by 1.5 %.
* Mentha oil hits upper circuit again, likely to follow up trend.
Chana prices down in the early session, but holds support around 3530 level, prices then recovered and closed above 3600. Pepper also down in the first half, broke its support of 40000 but then steeply recovered in the later half of the day. Soya bean oil closed flat looks bullish in the next trading sessions.

TECHNICAL VIEW
PEPPER (APR) VIEW
Trend: Consolidate| Strategy: Buy On Dips
R1- 41110, R2- 41810 | S1- 40450, S2- 39750

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 3879, R2- 3954 | S1- 3809, S2- 3734

SOYABEAN (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3079 R2- 3129 | S1- 3029, S2- 2979

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4262, R2- 4362| S1-4162, S2-4062

POTATO (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1027, R2-1041 | S1- 1013 S2- 999

JEERA (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12260, R2- 12560 | S1-11960, S2- 11660

MENTHA OIL (MAR) VIEW
Trend: Consolidate | Strategy: Sell On Dips
R1- 2285, R2- 2311 | S1- 2259, S2- 2233

CARDAMOM (APR) VIEW
Trend: Consolidate | Strategy: Sell On Highs
R1- 1149, R2- 1163| S1-1135, S2- 1121

CHANA (APR) VIEW
Trend: Consolidate| Strategy: Buy On Dips
R1- 3717, R2-3647| S1- 3577, S2- 3507

GUR (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1232, R2- 1218| S1- 1204, S2- 1190

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