Daily NewsLetter AgriCommodity 25-APR-2012

Soya bean prices firm on lower production in Argentina. RM Seed remain weak on higher production estimates.

INDORE, India (prHWY.com) April 25, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Soya bean prices firm on lower production in Argentina.
* RM Seed remain weak on higher production estimates.
* Crude palm oil falls on poor demand in spot market.

Jeera declines 1% on fresh arrivals in the spot market. Pepper declines in the early sessions but recovered from its support of 37500, prices closed at 38100. Turmeric gains 1.2%, prices correct to 3625, it may remain strong in the next trading session. Mentha Oil hits lower circuit, it may continue its down trend.

TECHNICAL VIEW
PEPPER (MAY) VIEW
Trend: Consolidate| Strategy: Buy on dips
R1- 38430, R2- 39130 | S1- 37770, S2-37070

RM SEED (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 3912, R2- 3987 | S1- 3842, S2- 3767

SOYABEAN (MAY) VIEW
Trend: Bullish | Strategy: Buy on dips
R1- 3395, R2- 3445 | S1- 3345, S2-3295

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3672, R2- 3772| S1-3572, S2-3472
POTATO (MAY) VIEW
Trend: Consolidate | Strategy:Sell on highs
R1- 1071 , R2-1085 | S1- 1057, S2- 1043

JEERA (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 12597, R2- 12297 | S1-11997, S2- 11697

MENTHA OIL (MAY) VIEW
Trend: Bearish | Strategy: Sell on highs
R1- 1850, R2- 1876 | S1- 1824, S2- 1798
CARDAMOM (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 1120, R2- 1134| S1-1106, S2- 1092

CHANA (MAY) VIEW
Trend: Consolidate| Strategy: Buy on dips
R1- 3710, R2-3780| S1- 3640, S2- 3570

GUR (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1224, R2-1238 | S1- 1210, S2- 1196

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