Daily AgriCommodity Report By Money CapitalHeight 9-11-2012

Pepper broke its major support level to close in negative territory and is expected to trade with downward bias in near term as concerns of higher production and weak global demand loom

Indore, India (prHWY.com) November 9, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Soybean continued to consolidate in tight range ending virtually flat.
* Dhaniya declined close to 2% on adequate supply in the markets.
* Pepper ended marginally lower on breaking its support level.
Pepper broke its major support level to close in negative territory and is expected to trade with downward bias in near term as concerns of higher production and weak global demand loom. Turmeric ended marginally lower on profit booking by traders. Chana closed with modest gains due to consistent demand in festive season.
TECHNICAL VIEW
PEPPER (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-42960 ,R2- 43750| S1- 42100, S2-41500
RM SEED (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4238, R2- 4322 | S1- 4114 ,S2- 4030
SOYABEAN (NOV) VIEW
Trend: Consolidate| Strategy: buy on dips
R1- 3368 R2- 3400 S1-3268 , S2-3220
TURMERIC (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1-5460,R2-5510 S1-5300 S2-5100
DHANIYA (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4557 R2-4647, S1- 4422, S2- 4332
JEERA (NOV) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 14585,R2-14872 S1-14155, S2- 13980
MENTHA OIL (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1190,R2- 1216| S1- 1155, S2- 1125
CARDAMOM (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 805 R2-830 S1-779, S2- 759
CASTOR SEED(NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3488 R2-3565| S1- 3385, S2- 3316
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4699 R2-4792| S1- 3385, S2- 3316

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