Dhaniya declines close to 2% in absence of spot markets due to all India strike for two days. It now faces resistance at 6990 level on crossing of which it is likely to head northward.
(prHWY.com) February 22, 2013 - indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Turmeric falls 2.50% approx. breaking crucial support level.
* Cardamom extends gains ending higher by more than 2%.
* Soybean closes with moderate gains tracking international markets.
Dhaniya declines close to 2% in absence of spot markets due to all India strike for two days. It now faces resistance at 6990 level on crossing of which it is likely to head northward. Turmeric falls for third consecutive session breaking its crucial support level although lower production estimates for the year may limit downside in prices.
TECHNICAL VIEW
PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-38460, R2- 39220 | S1- 37325 S2-36570
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3510, R2-3580| S1-3405 ,S2- 3335
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3385 , R2-3450 | S1- 3285, S2-3220
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6220, R2-6340 | S1-6035 S2-5910
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6900, R2-6990, S1-6700, S2-6560
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13570 ,R2-13840 S1-13170 , S2-12900
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1454, R2-1482 | S1-1410 , S2- 1382
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-999 , R2-1020 | S1-970, S2-948
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
R1-3495, R2-3565| S1- 3390, S2-3325
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