Daily AgriCommodity Report By Money CapitalHeight

Jeera traded low due to long recovering. Prices decline nearly half percent in MCX. Trend remains bearish in the next trading session

Indore, India (prHWY.com) May 18, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Chana declines 2.4% on decrease in spot demand.
* Mentha Oil remains weak due to low industrial demand.
* Turmeric edges higher on good domestic demand.

Jeera traded low due to long recovering. Prices decline nearly half percent in MCX. Trend remains bearish in the next trading session. Pepper traded sideways, has shown no major movement and closed flat at 38030. RM Seed traded with negative bias and closed low at 3832. Trend remains weak in the next session.

TECHNICAL VIEW
PEPPER (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 38360, R2- 39060 | S1- 37700, S2-37000
RM SEED (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3867, R2- 3942 | S1- 3797, S2- 3722
SOYABEAN (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3383, R2- 3433 | S1- 3333, S2-3283
TURMERIC (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4180, R2- 4280 S1-4080, S2-3980
POTATO (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1075, R2-1089| S1- 1061, S2- 1047
JEERA (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 13985, R2- 14285| S1-13685, S2- 13385
MENTHA OIL (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1419, R2- 1445 | S1- 1393, S2- 1367
CARDAMOM (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1308, R2- 1322| S1-1294, S2- 1280
CHANA (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4258, R2-4328| S1- 4188, S2- 4118
GUR (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 1184, R2-1198 | S1- 1170, S2- 1156

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