Dhaniya closed at 4% upper ceiling amid reports of possible damage to crops due to cold waves in North India leading to decrease in production estimates in near term.
(prHWY.com) January 8, 2013 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Castor Seed rallied to close with a gain of close to 4%.
* Pepper witnesses profit booking ending lower by more than 2%.
* Dhaniya surges to hit upper circuit on estimates of fall in production.
Dhaniya closed at 4% upper ceiling amid reports of possible damage to crops due to cold waves in North India leading to decrease in production estimates in near term. Cardamom witnessed a sharp rally towards the end of the session as traders bought the commodity at attractive levels. RM Seed consolidates to end virtually flat.
TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35090, R2- 35780 | S1- 34050 S2-33360
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
R1-3160 , R2-3225 | S1- 3090 S2-3000
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 7000, R2-7140 | S1-6795 S2-6650
DHANIYA (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5980, R2-6100, S1-5800 , S2-5690
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14930 ,R2-15225 S1-14500 , S2-14340
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1441, R2-1470 | S1-1398 , S2- 1370
CARDAMOM (January) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1025 , R2-1045 | S1-995, S2-975
CASTOR SEED (January) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3875, R2-3950| S1-3760, S2- 3685
CHANA (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-4065, R2-4150| S1-3950, S2-3870
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