Daily AgriCommodity Report By Money CapitalHeight 05-June-2012

Cardamom sheds nearly 2% on continuous decrease in domestic demand. Prices closed near its support level of 1300. Pepper declines sharply on fresh arrivals

Indore, India (prHWY.com) June 5, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Chana declines nearly 2.4% on ample supply in spot market.
* Jeera regains 2.7% on thin supply and strong domestic demand.
* Mentha oil hits upper circuit of 4% on expiry of the contract
Cardamom sheds nearly 2% on continuous decrease in domestic demand. Prices closed near its support level of 1300. Pepper declines sharply on fresh arrivals. Prices closed below 39000. It may continue its downtrend in the upcoming trading sessions. Turmeric recovered 1.3% on profit booking, prices closed at 3724.

TECHNICAL VIEW
PEPPER (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 39150, R2- 39850 | S1- 38490, S2-37790
RM SEED (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3870, R2- 3945 | S1- 3800, S2- 3725
SOYABEAN (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3432, R2- 3482 | S1- 3382, S2-3332
TURMERIC (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3774, R2- 3874 S1-3674, S2-3574
POTATO (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1067, R2-1081| S1- 1053, S2- 1039
JEERA (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 13192, R2- 13492| S1-12892, S2- 12592
MENTHA OIL (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1225, R2- 1251 | S1- 1199, S2- 1173
CARDAMOM (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1315, R2- 1329| S1-1301, S2- 1287
CHANA (JUNE) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4178 R2-4248| S1- 4108, S2- 4038
GUR (JULY) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1123, R2-1137 | S1- 1109, S2- 1095

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