Daily AgriCommodity Report By Money CapitalHeight 22-11-2012

Pepper remains in bearish trend falling further weak as fears of regulatory action loom coupled with estimates of higher production.
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Indore, India (prHWY.com) November 22, 2012 - MARKET WRAP FOR AGRICOMMODITY
* Pepper continued its free fall closing with a net loss of 4%.
* Jeera witnessed a rise of more than 2% on consistent global demand.
* Castor Seed ended higher by close to 2% amid volatility.
Pepper remains in bearish trend falling further weak as fears of regulatory action loom coupled with estimates of higher production. Cardamom ended higher by more than 2% on short covering. Soybean remains in consolidation phase ending the session with marginal loss. Castor Seed showed volatile movement closing higher by almost 2%..
TECHNICAL VIEW
PEPPER (DEC) VIEW
Trend: Consolidate | Strategy: sell on high
R1-38300 ,R2- 38940| S1- 37160, S2-36710
RM SEED (DEC) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 4220, R2- 4320 | S1- 4090 ,S2- 4036
SOYABEAN (DEC) VIEW
Trend: Consolidate| Strategy: buy on dips
R1- 3335 R2- 3395 S1-3220 , S2-3180
TURMERIC (DEC) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5150,R2-5250 S1-5000 S2-4940
DHANIYA (DEC) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 4945 R2-5095, S1- 4936, S2- 4760
JEERA (DEC) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 15000,R2-15300 S1-14580, S2- 14320
MENTHA OIL (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1-1295,R2- 1331| S1- 1257, S2- 1235
CARDAMOM (DEC) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 922 R2-940 S1-895, S2- 880
CASTOR SEED(DEC) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3620 R2-3740| S1- 3500, S2- 3430
CHANA (DEC) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 4352 R2-4410| S1- 4230, S2- 4150

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Categories: Finance

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