Cardamom again hits 4% lower circuit on fresh arrival.
(prHWY.com) August 21, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Cardamom again hits 4% lower circuit on fresh arrival.
* Chana remains bullish and trading on its high at 5041.
* Mentha oil tumbles by 2.2% on profit booking at higher level.
Pepper shown some recovery from its support after having continuous down fall from its higher level, in coming session some more bearish trend can be expected due to lower demand at higher level in overseas. Cardamom again closed on its 4% lower circuit on fresh arrival and lower demand in spot market, in coming session recovery expected.
TECHNICAL VIEW
PEPPER (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 42833,R2- 43677| S1- 41567, S2-40723
RM SEED (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4502, R2- 4591 | S1- 4369 ,S2- 4280
SOYABEAN (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4021, R2- 4100| S1- 3902 S2-3823
TURMERIC (SEP) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5964,R2- 6082 S1-5787 S2-5670
POTATO (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1197, R2-1210, S1- 1110, S2- 1090
JEERA (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 16438,R2-16761,S1-15952, S2- 15628
MENTHA OIL (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1345, R2- 1372 | S1- 1306, S2- 1280
CARDAMOM (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1181, R2-1204 | S1-1146, S2- 1123
CHANA (SEP) VIEW
Trend: Consolidate | Strategy:Sell on high
R1- 5008, R2-5107| S1- 4860, S2- 4761
GUR (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1238, R2-1250| S1- 1180, S2- 1143
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