Dhaniya witnessed a sharp rally to close the session at 4% upper ceiling on account of consistent demand in domestic market despite prevailing high prices due to fall in production.
(prHWY.com) January 10, 2013 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Dhaniya soars to hit upper circuit on consistent demand amid thin supply.
* Turmeric shows slight recovery after the sharp decline of last session.
* Jeera remains weak closing with loss of more than a percent.
*
Dhaniya witnessed a sharp rally to close the session at 4% upper ceiling on account of consistent demand in domestic market despite prevailing high prices due to fall in production. Pepper extends recovery on the back of lower arrivals amid restricted supply from warehouses due to allegation of inferior quality of the commodity
TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-36480, R2- 37200 | S1- 35400 S2-34690
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3570, R2-3640| S1-3460 ,S2- 3390
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- 6785, R2-6920 | S1-6585 S2-6450
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-7170, R2-7310, S1-6955 , S2-6815
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14110 ,R2-14400 S1-13690 , S2-13415
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1415, R2-1442 | S1-1374 , S2- 1345
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1036 , R2-1057 | S1-1002, S2-985
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
R1-3590, R2-3665| S1- 3490, S2-3415
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