* Global Soyabean prices may move up on increased China purchases. * Turmeric has shown recovery, prices up by 3.5 %.
(prHWY.com) March 22, 2012 - INDORE, India -- MARKET WRAP FOR AGRI COMMODITY
* Global Soyabean prices may move up on increased China purchases.
* Turmeric has shown recovery, prices up by 3.5 %.
* Chana up by 6%, closed above 4000.
Cardamom had profit booking in the early trading session, but recovered in the end. Buyers are still active in Cardamom and likely to up in the next trading day. Soyabean crossed its resistance of 2950 but failed to close above this level, a reversal may expect in the next trading session.
TECHNICAL VIEW
PEPPER (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 43320, R2- 44020 | S1- 42660, S2- 41960
MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 4037, R2- 4112 | S1- 3967, S2- 3892
SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2952 R2- 3002 | S1- 2902, S2- 2852
TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4400, R2- 4500| S1-4300, S2-4200
GUARSEED (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 29840, R2-30200 | S1- 29600, S2- 29240
JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12520, R2- 12820 | S1-12220, S2- 11920
MENTHA OIL (JAN) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 2208, R2- 2234 | S1- 2182, S2- 2156
CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1298, R2- 1312| S1-1284 S2- 1270
CHANA (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 4058, R2- 4128| S1- 3988, S2- 3918
GUARGUM (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 96940, R2- 98140| S1- 96140, S2- 94940
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