Daily AgriCommodity Report By Money CapitalHeight 11-10-2012

Mentha Oil witnessed a decline of more than 1% on the back of higher production against sluggish demand.

Indore, India (prHWY.com) October 11, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Cardamom hits lower circuit on account of high supply in the markets.
* Chana rallies 3% on revival of domestic demand in the festive season.
* Potato continues its bearish trend closing on 4% lower circuit.
Jeera ended the day with marginal gain on consistent demand in domestic as well as international markets. RM Seed snapped five day rally to close lower by close to 1% as traders booked profits at decent levels. Mentha Oil witnessed a decline of more than 1% on the back of higher production against sluggish demand.
TECHNICAL VIEW
PEPPER (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-44300 ,R2- 45060| S1- 43350, S2-42440
RM SEED (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4175, R2- 4212 | S1- 4009 ,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
R1-5580,R2- 5640 S1-5350 S2-5250
POTATO (OCT) VIEW
Trend: Bearish | Strategy: Sell on high
R1- 746 R2-760, S1- 724, S2- 709
JEERA (OCT) VIEW
Trend: Consolidate | Strategy:sell on high
R1- 14565,R2-14852,S1-14040, S2- 13915
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1178,R2- 1202| S1- 1144, S2- 1120
CARDAMOM (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 945, R2-970 | S1-903, S2- 883
CHANA (OCT) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 4598, R2-4723| S1- 4446, S2- 4371
GUR (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1195, R2-1218| S1- 1159, S2- 1135

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