Daily AgriCommodity Report By Money CapitalHeight 8-11-2012

Soybean ended with a gain of more than a percent on the back of consistent demand from domestic markets due to festive season accompanied by export demand.

Indore, India (prHWY.com) November 7, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Castor Seed declined more than 2% as supply satisfies current demand.
* Dhaniya ended lower by 2.50% on profit booking by traders.
* Pepper remains in consolidation phase closing almost flat.
Soybean ended with a gain of more than a percent on the back of consistent demand from domestic markets due to festive season accompanied by export demand. Dhaniya tumbled 2.50% as traders booked profit after the sharp two-day rally. Jeera witnessed a fall of 1.50% on increased sowing while festive demand provides firm support to prices..
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- 4175, R2- 4266 | S1- 4060 ,S2- 3978
SOYABEAN (NOV) VIEW
Trend: Consolidate| Strategy: buy on dips
R1- 3368 R2- 3400 S1-3268 , S2-3220
TURMERIC (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5540,R2-5649 S1-5376 S2-5267
DHANIYA (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4545 R2-4670, S1- 4411, S2- 4321
JEERA (NOV) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 14474,R2-14759 S1-14046, S2- 13760
MENTHA OIL (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1200,R2- 1216| S1- 1164, S2- 1148
CARDAMOM (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 830 R2-803 S1-779, S2- 759
CASTOR SEED(NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3512 R2-3581| S1- 3408, S2- 3387
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4630 R2-4722| S1- 4500, S2- 4402

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