Daily Newsletter AgriCommodity 13-August-2012

Turmeric tumbles 3% on fresh arrival on better rainfall for crop production.

Indore, India (prHWY.com) August 17, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Turmeric tumbles 3% on fresh arrival on better rainfall for crop production.
* Pepper & Chana trading on its higher level and closed flat.
* Jeera sheds by 2% on low export at higher price compare to other countries..
Turmeric remains bearish last week on FMC taken measures to curb speculations, also expected better rainfall support supply in spot market. Jeera remains volatile on low export demand at higher level, in coming session it may remains volatile. Cardamom, Pepper & Chana are showing profit booking on fresh arrival.

TECHNICAL VIEW
PEPPER (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 44578,R2- 45457| S1- 43261 S2-42382
RM SEED (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4434, R2- 4552 | S1- 4303 ,S2- 4216
SOYABEAN (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4088, R2- 4168| S1- 3967 S2-3887
TURMERIC (SEP) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5943,R2- 6060 S1-5768 S2-5651
POTATO (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1240, R2-1258, S1- 1210, S2- 1195
JEERA (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 16204,R2-16523,S1-15725, S2- 15406
MENTHA OIL (AUG) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1352, R2- 1379 | S1- 1313, S2- 1286
CARDAMOM (AUG) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1181, R2-1204 | S1-1146, S2- 1123
CHANA (SEP) VIEW
Trend: Consolidate | Strategy:Sell on high
R1- 4958, R2-5056| S1- 4811, S2- 4714

GUR (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1220, R2-1238| S1- 1196, S2- 1185

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