Daily AgriCommodity Report By www.capitalheight.com

Chana traded low on weak spot demand. Mentha Oil declines more than 3.5% on fresh selling due to higher production concerns. Prices closed below 1350. P

Indore, India (prHWY.com) June 12, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Cardamom hits upper circuit of 4% on profit booking.
* Jeera advances nearly 1.2% on short recovering.
* Turmeric prices up by nearly 0.7% on spot buying.
Chana traded low on weak spot demand. Mentha Oil declines more than 3.5% on fresh selling due to higher production concerns. Prices closed below 1350. Pepper advances on firm spot demand, Prices up by 2.3%. RM Seed traded with bearish bias, prices declines in the 2nd half of trading session.

TECHNICAL VIEW
PEPPER (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 40755, R2- 41455 | S1- 40095, S2-39395
RM SEED (JULY) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3755, R2- 3830 | S1- 3685,S2- 3610
SOYABEAN (JULY) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3404, R2- 3454 | S1- 3354, S2-3304
TURMERIC (JULY) VIEW
Trend: Bullish | Strategy: Buy on dips
R1- 3754, R2- 3854 S1-3654, S2-3554
POTATO (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1149, R2-1163| S1- 1135, S2- 1121
JEERA (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 13217, R2- 13517| S1-12917, S2- 12617
MENTHA OIL (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1344, R2- 1370 | S1- 1318, S2- 1292
CARDAMOM (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1241, R2- 1255| S1-1227, S2- 1213
CHANA (JULY) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4165 R2-4235| S1- 4095, S2- 4025
GUR (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1143, R2-1157 | S1- 1129, S2- 1115

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