Daily AgriCommodity Newsletter 22-August-2012

Mentha bullish in today's trading session, although poor demand & weak export demand may limit uptrend. Chana remains negative to show profit booking after having news high.

Indore, India (prHWY.com) August 22, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Cardamom again hits 4% lower circuit after breach its upward channel.
* Soyabean remains up by 1.6% on firm overseas demand.
* Mentha oil up by 3% & Chana down by 3% on profit booking.
Cardamom closed on lower circuit as it is making higher highs & higher lows from many session & in last trading session it has breached its channel & trading below it. Mentha bullish in today's trading session, although poor demand & weak export demand may limit uptrend. Chana remains negative to show profit booking after having news high.
TECHNICAL VIEW
PEPPER (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 42528,R2- 43366| S1- 41271, S2-40433
RM SEED (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4529, R2- 4441 | S1- 4310 ,S2- 4223
SOYABEAN (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4060, R2- 4140| S1- 3940 S2-3860
TURMERIC (SEP) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5958,R2- 6075 S1-5781 S2-5664
POTATO (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1216, R2-1227, S1- 1283, S2- 1263
JEERA (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 16080,R2-16396,S1-15604, S2- 15287
MENTHA OIL (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1358, R2- 1385 | S1- 1318, S2- 1291
CARDAMOM (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1068, R2-1089 | S1-1036, S2- 1015
CHANA (SEP) VIEW
Trend: Consolidate | Strategy:Sell on high
R1- 4864, R2-4959| S1- 4720, S2- 4625
GUR (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1218, R2-1229| S1- 1186, S2- 1163

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