Daily AgriCommodity Report By Money CapitalHeight 29-10-2012

Chana witnesses a rise of more than a percent on the back of rising demand due to ongoing festive season.

Indore, India (prHWY.com) October 29, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Mentha Oil surges more than 3% on short covering by traders.
* Dhaniya ends lower by more than 2% on high supply.
* Chana rises marginally on rising demand due to festive season.
Chana witnesses a rise of more than a percent on the back of rising demand due to ongoing festive season. Castor Seed continued to fall for third consecutive day ending lower by close to a percent on account of adequate stocks in the market. Cardamom continues to consolidate sustaining at its support level, closing in positive territory.
TECHNICAL VIEW
PEPPER (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-44660 ,R2- 45540| S1- 43340, S2-42460
RM SEED (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4405, R2- 4492 | S1- 4250 ,S2- 4188
SOYABEAN (NOV) VIEW
Trend: Consolidate| Strategy: buy on dips
R1- 3390, R2- 3455 S1-3288 , S2-3222
TURMERIC (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5092,R2- 5192 S1-4940 S2-4840
DHANIYA (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4544 R2-4634, S1- 4410, S2- 4320
JEERA (NOV) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 14600,R2-14888 S1-14169, S2- 13881
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1206,R2- 1230| S1- 1171, S2- 1147
CARDAMOM (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 860 R2-876 S1-834, S2- 816
CASTOR SEED(NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3702 R2-3775| S1- 3594, S2- 3520
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4826, R2-4921| S1- 4684, S2- 4588

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