Daily AgriCommodity Report By Money CapitalHeight 7-11-2012

Turmeric surged to close at 4% upper ceiling after giving major trend line breakout buoyed by high export enquiries and is expected to trade positive in upcoming session.

Indore, India (prHWY.com) November 7, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Turmeric hits 4% upper circuit on giving major trend line breakout.
* Dhaniya rallied to close at 4% upper circuit as domestic demand picks up.
* Chana up by close to 2% on the back of buying at attractive levels..
Turmeric surged to close at 4% upper ceiling after giving major trend line breakout buoyed by high export enquiries and is expected to trade positive in upcoming session. Cardamom advanced 1.50% on account of short covering at lower levels. Pepper and Jeera advanced marginally on demand revival due to ongoing festive season..
TECHNICAL VIEW
PEPPER (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-43750 ,R2- 44300| S1- 42100, S2-41300
RM SEED (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4195, R2- 4360 | S1- 4035 ,S2- 3988
SOYABEAN (NOV) VIEW
Trend: Consolidate| Strategy: buy on dips
R1- 3321 R2- 3400 S1-3220 , S2-3157
TURMERIC (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5484,R2-5580 S1-5320 S2-5212
DHANIYA (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4670 R2-4756, S1- 4526, S2- 4434
JEERA (NOV) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 14692,R2-14982 S1-14320, S2- 13968
MENTHA OIL (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1215,R2- 1240| S1- 1171, S2- 1148
CARDAMOM (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 820 R2-855 S1-796, S2- 759
CASTOR SEED(NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3595 R2-3666| S1- 3489, S2- 3418
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4692 R2-4785| S1- 4554, S2- 4500

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