Daily AgriCommodity Report 24 Aug 2012

Jeera closed with marginal gains on expectation of large export order due to limited supply in the international market.

Indore, India (prHWY.com) August 24, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Soyabean & cardamom consolidate with negative biasness by 0.4%
* RM seed & turmeric remains positive closed with 1% gains.
* Jeera up by 0.5% to show recovery from its support.
Cardamom consolidate with negative biasness after whole week sharp down fall, in coming session some recovery expected on profit booking. Jeera closed with marginal gains on expectation of large export order due to limited supply in the international market. Chana remains positive and up by near to 1%, continuing its major bullish trend.
TECHNICAL VIEW
PEPPER (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 42432,R2- 43268| S1- 41177, S2-40342
RM SEED (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4503, R2- 4592 | S1- 4370 ,S2- 4282
SOYABEAN (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4068, R2- 4148| S1- 3948, S2-3868
TURMERIC (SEP) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5978,R2- 6096 S1-5801 S2-5684
POTATO (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1159, R2-1177, S1- 1128, S2- 1113
JEERA (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 15712,R2-16021,S1-15247, S2- 14938
MENTHA OIL (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1336, R2- 1363 | S1- 1297, S2- 1270
CARDAMOM (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1022, R2-1042 | S1-992, S2- 972
CHANA (SEP) VIEW
Trend: Consolidate | Strategy:Sell on high
R1- 4862, R2-4958| S1- 4719, S2- 4623
GUR (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1202, R2-1215| S1- 1168, S2- 1150

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