AgriCommodity Market News By Money CapitalHeight

Cardamom continued its downtrend, prices declines 0.8%. RM Seed recovered 1.7% on weak arrivals, prices closed at 3945.

INDORE, India (prHWY.com) April 26, 2012 - MARKET WRAP FOR AGRI COMMODITY
 Jeera regains 1.8% on firm physical demand.
 Pepper up on weak supply and good domestic demand.
 Mentha oil continue to hit lower circuit on higher sowing.
Cardamom continued its downtrend, prices declines 0.8%. RM Seed recovered 1.7% on weak arrivals, prices closed at 3945. Soya bean continue to trade higher on production cut in Argentina, prices gains 3.8% during the session and closed above 3500. Turmeric opened up but failed to sustain above 3650, prices closed flat at 3634.

TECHNICAL VIEW
PEPPER (MAY) VIEW
Trend: Consolidate| Strategy: Buy on dips
R1- 38980, R2- 39680 | S1- 38320, S2-37620

RM SEED (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 3980, R2- 4055 | S1- 3910, S2- 3853

SOYABEAN (MAY) VIEW
Trend: Bullish | Strategy: Buy on dips
R1- 3531, R2- 3581 | S1- 3481, S2-3431

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3684, R2- 3784| S1-3584, S2-3484

POTATO (MAY) VIEW
Trend: Consolidate | Strategy:Sell on highs
R1- 1081 , R2-1095 | S1- 1067, S2- 1053

JEERA (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 12500, R2- 12800 | S1-12200, S2- 11900

MENTHA OIL (MAY) VIEW
Trend: Bearish | Strategy: Sell on highs
R1- 1776, R2- 1802 | S1- 1750, S2- 1724

CARDAMOM (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 1114, R2- 1128| S1-1100, S2- 1086

CHANA (MAY) VIEW
Trend: Consolidate| Strategy: Buy on dips
R1- 3743, R2-3813| S1- 3673, S2- 3603

GUR (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1226, R2-1240 | S1- 1212, S2- 1198

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