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(prHWY.com) January 10, 2013 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Dhaniya soars 3% on account of tight supply in the markets.
* Chana extends gains ending higher by more than a percent.
* Turmeric shows slight correction after the rally of previous session.
Soybean declines for fifth consecutive session closing with a loss of close to 1% but managed to sustain at the major support level of 3090. Jeera continues to show volatile movements ending lower by more than a percent. Cardamom tumbled more than 2% on the back of fresh arrivals in domestic markets and sluggish export demand.
TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35260, R2- 36330 | S1- 34570 S2-33870
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3600, R2-3670| S1-3490 ,S2- 3420
SOYABEAN (February) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3225 , R2-3290 | S1- 3130 S2-3070
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6740, R2-6870 | S1-6540 S2-6400
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6900, R2-7030, S1-6690 , S2-6550
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14325 ,R2-14600 S1-13900 , S2-13620
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1430, R2-1458 | S1-1387 , S2- 1360
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1040 , R2-1060 | S1-1008, S2-987
CASTOR SEED (February) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3850, R2-3920| S1-3740, S2- 3660
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3630, R2-3700| S1- 3520, S2-3450
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