Daily AgriCommodity Report By Money CapitalHeight 25-10-2012

Turmeric continues to fall due to rising piles of stock with the producers ending lower by more than a percent.

Indore, India (prHWY.com) October 25, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Soybean plunges more than 2% on profit booking by traders.
* Dhaniya witnessed a gain of more than 1% on rising spot demand.
* Cardamom continued to decline after breakout in the last session.
Turmeric continues to fall due to rising piles of stock with the producers ending lower by more than a percent. Cardamom witnessed a decline of close to 3% after it failed to sustain on its crucial support level. Castor seed closed marginally lower as it witnessed a sharp fall towards the end erasing entire gains of the early morning session..
TECHNICAL VIEW
PEPPER (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-44440 ,R2- 45060| S1- 43375, S2-42825
RM SEED (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4319, R2- 4404 | S1- 4192 ,S2- 4106
SOYABEAN (NOV) VIEW
Trend: Bearish| Strategy: sell on high
R1- 3287, R2- 3352 S1-3190 , S2-3080
TURMERIC (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5107,R2- 5216 S1-5956 S2-4856
DHANIYA (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4672 R2-4764, S1- 4534, S2- 4442
JEERA (NOV) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 15322,R2-15570 S1-14869, S2- 14567
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1152,R2- 1175| S1- 1110, S2- 1075
CARDAMOM (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 852, R2-880 S1-826, S2- 800
CASTOR SEED(NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3800 R2-3865| S1- 3700, S2- 3610
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4689, R2-4770| S1- 4560, S2- 4446

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