Dhaniya ended lower by 1.50% approx. on account of low demand in domestic markets due to prevailing high rates. Cardamom showed slight recovery after two continuous days of sharp decline and closed with moderate gains.
(prHWY.com) February 8, 2013 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Turmeric tumbles more than 1% owing to sluggish demand.
* Jeera consolidates with sideways movement closing almost flat.
* Dhaniya declines for third consecutive day losing more than a percent.
Dhaniya ended lower by 1.50% approx. on account of low demand in domestic markets due to prevailing high rates. Cardamom showed slight recovery after two continuous days of sharp decline and closed with moderate gains. Soybean witnessed a volatile trading session ending virtually flat, may show upside movement in upcoming session.
TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39180, R2- 39950 | S1- 38020 S2-37250
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3470, R2-3545| S1-3365 ,S2- 3300
SOYABEAN (February) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3360 , R2-3425 | S1- 3260, S2-3190
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6370, R2-6495 | S1-6180 S2-6060
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6690, R2-6820, S1-6500, S2-6360
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13695 ,R2-13965 S1-13290 , S2-13020
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1359, R2-1386 | S1-1318 , S2- 1292
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1024 , R2-1047 | S1-997, S2-976
CASTOR SEED (February) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3540, R2-3610| S1-3435, S2- 3370
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3460, R2-3525| S1- 3365, S2-3280
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