AgriCommodity Market Newsletter By Money CapitalHeight

Chana continued its uptrend touched new high of 4290 in MCX. Prices closed on upper circuit of 3%. Mentha oil is still trading under pressure due to higher supply and weak export demand.

INDORE, India (prHWY.com) May 9, 2012 - MARKET WRAP FOR AGRI COMMODITY

* Jeera advances 1.6% on increase in spot demand.
* Soya bean regains 1.7% on rising overseas demand.
* Peeper remains under pressure on increased arrival.
Chana continued its uptrend touched new high of 4290 in MCX. Prices closed on upper circuit of 3%. Mentha oil is still trading under pressure due to higher supply and weak export demand. Prices closed on lower circuit of 4%. RM Seed sheds on profit booking. Trend may remain firm in the upcoming sessions.

TECHNICAL VIEW
PEPPER (MAY) VIEW
Trend: Consolidate| Strategy: Sell on highs
R1- 37360, R2- 38060 | S1- 36700, S2-36000
RM SEED (MAY) VIEW
Trend: Bullish | Strategy: Buy on dips
R1- 3989, R2- 4064 | S1- 3919, S2- 3844
SOYABEAN (MAY) VIEW
Trend: Bullish | Strategy: Buy on dips
R1- 3619, R2- 3669 | S1- 3569, S2-3519
TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3732, R2- 3832 S1-3632, S2-3532
POTATO (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1111 , R2-1125| S1- 1097, S2- 1083
JEERA (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 13785, R2- 14085| S1-13485, S2- 13185
MENTHA OIL (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1435, R2- 1461 | S1- 1409, S2- 1383
CARDAMOM (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1236, R2- 1250| S1-1222, S2- 1208
CHANA (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4324, R2-4394| S1- 4184, S2- 4254
GUR (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 1207, R2-1221 | S1- 1193, S2- 1179
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Categories: Finance

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