Cardamom witnessed a decline on Saturday closing with loss of more than a percent after giving trend line breakout. It is expected to show more downward movement in the upcoming session.
(prHWY.com) March 4, 2013 - indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Cardamom tumbles by 1.60% on trend line breakout.
* Jeera shows slight recovery from lower levels on short covering.
* Turmeric declines more than a percent breaking major support level.
Cardamom witnessed a decline on Saturday closing with loss of more than a percent after giving trend line breakout. It is expected to show more downward movement in the upcoming session. Pepper falls for third consecutive trading session on rumors of likely release of pepper stock which is locked up in warehouses on adulteration issue.
TECHNICAL VIEW
PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-37185, R2- 37920 | S1- 36085 S2-35350
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3420, R2-3485| S1-3315 ,S2- 3250
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3365 , R2-3430 | S1- 3265, S2-3200
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6100, R2-6225 | S1-5925 S2-5800
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6515, R2-6645, S1-6320, S2-6195
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13080 ,R2-13340 S1-12700 , S2-12440
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1256, R2-1280 | S1-1218 , S2- 1194
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-960 , R2-979 | S1-932, S2-912
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3765, R2-3840| S1-3655, S2- 3580
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3385, R2-3450| S1- 3285, S2-3220
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