Daily AgriCommodity Report By Money CapitalHeight 10-10-2012

Jeera witnessed an increase of more than 2% on the back of high domestic demand as well as hopes of rise in demand in foreign countries in the near term.

Indore, India (prHWY.com) October 11, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Soybean hits upper circuit as traders create fresh positions at lower levels.
* RM Seed extends recovery to close with a gain of around 3.50%.
* Cardamom dwindles more than 3% on fresh stock arrival in the local markets.
Jeera witnessed an increase of more than 2% on the back of high domestic demand as well as hopes of rise in demand in foreign countries in the near term. Pepper rose close to 1% on expectation of delay in the crop by one month. Cardamom falls by 3% due to continuous stock arrival in the market despite good domestic demand.
TECHNICAL VIEW
PEPPER (OCT) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-43750 ,R2- 45000| S1- 43045, S2-42035
RM SEED (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4175, R2- 4254 | S1- 4048 ,S2- 3955
SOYABEAN (OCT) VIEW
Trend: Bearish| Strategy: sell on high
R1- 3256, R2- 3300 S1- 3160, S2-3050
TURMERIC (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5502,R2- 5580 S1-5312 S2-5230
PEPPER (OCT) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-43750 ,R2- 45000| S1- 43045, S2-42035
RM SEED (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4175, R2- 4254 | S1- 4048 ,S2- 3955
SOYABEAN (OCT) VIEW
Trend: Bearish| Strategy: sell on high
R1- 3256, R2- 3300 S1- 3160, S2-3050
TURMERIC (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5502,R2- 5580 S1-5312 S2-5230
CARDAMOM (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 974, R2-1012 | S1-926, S2- 881
CHANA (OCT) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 4675, R2-4770| S1- 4540, S2- 4465

GUR (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1170, R2-1204| S1- 1141, S2- 1122

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