Chana declines 1% on profit booking, mixed trend is expected in the next trading session. Mentha oil regains 1.7% on increase in overseas demand. Prices may touch 1450 level in the next session.
(prHWY.com) May 15, 2012 - Indore, India -- MARKET WRAP FOR AGRI COMMODITY
* Jeera advances 1.6% on low supply estimates.
* Turmeric hits lower circuit of 4% on fresh arrival.
* Soya bean declines 4% on low domestic demand.
Cardamom June contract closed on upper circuit of 4% at 1323.50. Low supply keeps prices up in the next trading session. Chana declines 1% on profit booking, mixed trend is expected in the next trading session. Mentha oil regains 1.7% on increase in overseas demand. Prices may touch 1450 level in the next session.
TECHNICAL VIEW
PEPPER (MAY) VIEW
Trend: Bearish | Strategy: Sell on highs
R1- 36430, R2- 37130 | S1- 35770, S2-35070
RM SEED (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 3745, R2- 3820 | S1- 3675, S2- 3600
SOYABEAN (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 3261, R2- 3311 | S1- 3211, S2-3161
TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 3756, R2- 3856 S1-3656, S2-3556
POTATO (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1072, R2-1186| S1- 1058, S2- 1044
JEERA (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 13490, R2- 13790| S1-13190, S2- 12890
MENTHA OIL (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 1385, R2- 1411 | S1- 1359, S2- 1333
CARDAMOM (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1330, R2- 1344| S1-1316, S2- 1302
CHANA (MAY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4173, R2-4243| S1- 4103, S2- 4033
GUR (MAY) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 1172, R2-1186 | S1- 1158, S2- 1144
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