Cardamom shows slight recovery on Wednesday closing with gain of more than a percent after the recent sharp fall due to sluggish domestic demand.
(prHWY.com) February 21, 2013 - indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Cardamom shows recovery gaining more than 1%.
* Dhaniya consolidates with upward bias closing in green territory.
* Turmeric extends decline on sufficient supply in domestic markets.
Cardamom shows slight recovery on Wednesday closing with gain of more than a percent after the recent sharp fall due to sluggish domestic demand. Jeera remains weak on higher production concerns. Mentha Oil witnessed a sharp rally towards the end erasing entire loss of the earlier part of the session ending with moderate gains.
TECHNICAL VIEW
PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-38580, R2- 39340 | S1- 37440 S2-36680
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3530, R2-3600| S1-3430 ,S2- 3360
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3370 , R2-3440 | S1- 3270, S2-3200
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6390, R2-6515 | S1-6200 S2-6075
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-7012, R2-7150, S1-6805, S2-6667
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13470 ,R2-13735 S1-13070 , S2-12800
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1457, R2-1486 | S1-1414 , S2- 1385
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-974 , R2-998 | S1-949, S2-930
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3700, R2-3775| S1-3590, S2- 3515
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3530, R2-3600| S1- 3420, S2-3350
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