Daily AgriCommodity Newsletter 17-August-2012

Pepper remains bearish in today's trading session due to lower demand in overseas at higher levels, more down turn expected.

Indore, India (prHWY.com) August 17, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Turmeric hits upper circuit on short covering due to rising in demand.
* Pepper tumbles by more than 3% on low demand at higher level.
* Cardamom show profit booking from its support and up by 2%.
Pepper remains bearish in today's trading session due to lower demand in overseas at higher levels, more down turn expected. Turmeric remains bullish on rising demand in spot market from current level. Cardamom is up by 2% on profit booking from its support level. Potato remains bullish on increase in demand at spot market.

TECHNICAL VIEW
PEPPER (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 42914,R2- 43760| S1- 41645 S2-40800
RM SEED (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4506, R2- 4595 | S1- 4373 ,S2- 4284
SOYABEAN (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4042, R2- 4122| S1- 3923 S2-3843
POTATO (SEP) VIEW
Trend: Consolidate | Strategy: Buy oh dips
R1- 1361, R2-1376, S1- 1312, S2- 1298
JEERA (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 16554,R2-16880,S1-16065, S2- 15739
MENTHA OIL (AUG) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1376, R2- 1403 | S1- 1335, S2- 1308
CARDAMOM (AUG) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1226, R2-1250 | S1-1190, S2- 1165
CHANA (SEP) VIEW
Trend: Consolidate | Strategy:Buy on dips
R1- 5056, R2-5156| S1- 4907, S2- 4807
GUR (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1209, R2-1220| S1- 1170, S2- 1159

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