Daily AgriCommodity Report By Money CapitalHeight 08-10-2012

Soybean surges 2.30% taking support from lower levels with expectations of export demand rising in the near term.

Indore, India (prHWY.com) October 8, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Cardamom hits upper circuit for second straight session on festive demand.
* Potato plunges close to 4% on continuous stock arrival in the markets.
* Soybean rises more than 2% showing strong signs of recovery from lower level.

Mentha Oil dwindled 2.60% on account of subdued demand in the domestic market. Jeera rose marginally due to good demand in domestic as well as international markets against thin supply in other exporting nations. Soybean surges 2.30% taking support from lower levels with expectations of export demand rising in the near term.

TECHNICAL VIEW
PEPPER (OCT) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-43746 ,R2- 44608| S1- 42454, S2-41592
RM SEED (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4035, R2- 3968 | S1- 3840 ,S2- 3797
SOYABEAN (OCT) VIEW
Trend: Bearish| Strategy: sell on high
R1- 3192, R2- 3255 S1- 3098, S2-3035
TURMERIC (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5582,R2- 5692 S1-5418 S2-5307
POTATO (OCT) VIEW
Trend: Bearish | Strategy: Sell on high
R1- 840 R2-857, S1- 816, S2- 799
JEERA (OCT) VIEW
Trend: Consolidate | Strategy:sell on high
R1- 14250,R2-14515,S1-13680, S2- 13455
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1144,R2- 1185| S1- 1105, S2- 1082
CARDAMOM (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 997, R2-1016 | S1-967, S2- 947
CHANA (OCT) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 4592, R2-4684| S1- 4457, S2- 4367
GUR (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1172, R2-1195| S1- 1137, S2- 1114

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