Daily AgriCommodity Report By Money CapitalHeight 04-10-2012

Turmeric witnessed a fall of more than 1% on account of inconsistency in domestic demand.

Indore, India (prHWY.com) October 4, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Cardamom hits 4% lower circuit on back of profit booking by traders.
* Chana surges close to 4% due to short covering on rising spot demand.
* Soybean closed on 4% lower circuit for the second consecutive day..
Potato closed on 4% lower circuit due to higher supply in the market and rising piles with the stockiest. Soybean extends losses to hit lower circuit as overall output is expected to be higher in domestic as well as international markets. Turmeric witnessed a fall of more than 1% on account of inconsistency in domestic demand.
TECHNICAL VIEW
PEPPER (OCT) VIEW
Trend: Consolidate | Strategy:Sell on High
R1- 43750, R2- 44350 | S1- 42729, S2-42035
RM SEED (OCT) VIEW
Trend: Consolidate | Strategy:Buy on Dips
R1- 3786, R2- 3860 | S1- 3674, S2- 3582
SOYABEAN (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 2995, R2- 3054 | S1- 2906, S2-2847
TURMERIC (OCT) VIEW
Trend: Consolidate| Strategy: Buy on dips
R1- 5674, R2- 5780| S1-5504, S2-5454
POTATO (OCT) VIEW
Trend: Consolidate | Strategy: Sell on High
R1-916 , R2-935 | S1- 890 , S2- 871
JEERA (OCT) VIEW
Trend: Consolidate | Strategy:Sell on High
R1- 13835 , R2- 14040 | S1-13426, S2- 13250
MENTHA OIL (OCT) VIEW
Trend: Consolidate| Strategy: Buy on dips
R1- 1183, R2- 1160 | S1- 1126, S2- 1102
CARDAMOM (OCT) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 960, R2- 979| S1-932, S2- 905
CHANA (OCT) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4541, R2-4630| S1- 4407, S2- 4320
GUR (NOV) VIEW
Trend: Consolidate | Strategy:Buy On Dips
R1- 1176, R2-1200 | S1- 1141, S2- 1118

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