Turmeric remains in consolidation phase ending with minimal loss. Mentha Oil recovers more than a percent after last session's sharp fall.
(prHWY.com) January 7, 2013 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Dhaniya rallied sharply to close with a gain of more than 3%.
* Soybean tumbled close to 2% breaking its major support level.
* RM Seed extends losses on sluggish demand in the domestic markets..
Dhaniya remains bullish on good demand amidst thin supply. It witnessed a sharp rally towards the end of the day after a small correction in the previous session closing with a gain of more than 3%. Turmeric remains in consolidation phase ending with minimal loss. Mentha Oil recovers more than a percent after last session's sharp fall.
TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35925, R2- 36640 | S1- 34875 S2-34165
RM SEED (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4220, R2-4300| S1-4095 ,S2- 4010
SOYABEAN (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3255 , R2-3195 | S1- 3100 S2-3035
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6810, R2-6945 | S1-6610 S2-6480
DHANIYA (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5815, R2-5930, S1-5645 , S2-5530
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14600 ,R2-15890 S1-14165 , S2-13875
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1424, R2-1452 | S1-1382 , S2- 1350
CARDAMOM (January) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1001 , R2-1022 | S1-972, S2-953
CASTOR SEED (January) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3735, R2-3810| S1-3625, S2- 3550
CHANA (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3990, R2-4065| S1-3870, S2-3790
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