Daily AgriCommodity Report By Money CapitalHeight 31-10-2012

Mentha Oil ended lower by almost 2% as higher sowing activities due to high rates obtained by farmers last year resulted in higher production this year.

Indore, India (prHWY.com) October 31, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Soybean witnessed a decline of close to 2% on arrival pressure.
* Pepper up marginally due to consistent domestic market demand.
* Mentha Oil slumps 2% on higher production concerns...
Mentha Oil ended lower by almost 2% as higher sowing activities due to high rates obtained by farmers last year resulted in higher production this year. Turmeric continues its bearish trend due to continuous stock arrivals in the market closing the day with a loss of 1%. RM Seed closed down marginally on account of profit booking by traders..
TECHNICAL VIEW
PEPPER (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-44450 ,R2- 45060| S1- 43690, S2-42701
RM SEED (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4302, R2- 4360 | S1- 4175 ,S2- 4090
SOYABEAN (NOV) VIEW
Trend: Consolidate| Strategy: buy on dips
R1- 3295, R2- 3375 S1-3197 , S2-3132
TURMERIC (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5162,R2- 5220 S1-5010 S2-4940
DHANIYA (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4464 R2-4510, S1- 4332, S2- 4244
JEERA (NOV) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 14545,R2-14832 S1-14115, S2- 13828
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1190,R2- 1214| S1- 1155, S2- 1110
CARDAMOM (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 830 R2-855 S1-806, S2- 789
CASTOR SEED(NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3742 R2-3865| S1- 3610, S2- 3558
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4782 R2-4876| S1- 4675, S2- 4560

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