Yesterday was a bullish day for agri commodities. Chana prices recovered sharply on short recovering. Mentha Oil hits upper circuit of 3%. It will continue up trend in the next trading session.
(prHWY.com) June 7, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Cardamom hits lower circuit of 4% on decrease in spot demand.
* Jeera prices recovered nearly 3.8% on lower production concerns.
* Soyabean advances more than 2% on higher export demand.
Yesterday was a bullish day for agri commodities. Chana prices recovered sharply on short recovering. Mentha Oil hits upper circuit of 3%. It will continue up trend in the next trading session. Pepper gains 2.4% on sharp increase in domestic demand. RM Seed advances 2.8% on short recovering. Turmeric hits upper circuit of 4% on profit booking.
TECHNICAL VIEW
PEPPER (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 39955, R2- 40655 | S1- 39295, S2-38595
RM SEED (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3840, R2- 3915 | S1- 3770, S2- 3695
SOYABEAN (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3408, R2- 3458 | S1- 3358, S2-3308
TURMERIC (JULY) VIEW
Trend: Bullish | Strategy: Buy on dips
R1- 3710, R2- 3810 S1-3610, S2-3510
POTATO (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1129, R2-1143| S1- 1115, S2- 1101
JEERA (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 13382, R2- 13682| S1-13082, S2- 12782
MENTHA OIL (JUNE) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1380, R2- 1406 | S1- 1354, S2- 1328
CARDAMOM (JULY) VIEW
Trend: Bearish | Strategy: Sell on high
R1- 1246, R2- 1260| S1-1232, S2- 1218
CHANA (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4218 R2-4288| S1- 4148, S2- 4078
GUR (JULY) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1147, R2-1161 | S1- 1133, S2- 1119
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