Jeera also decline whereas overall it is in bullish phase, expected to remain upward on large export order due to hampering supplies in the international market.
(prHWY.com) August 23, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Jeera declines by more than 2.5% on hope of fresh arrival due to good rain.
* Chana under pressure on fall in domestic demand and improved availability.
* Cardamom closed on 4% lower circuit on good supply.
Chana consolidate with negative biasness on selling pressure at higher level due to improve monsoon condition & fall in spot market demand, some more correction expected. Jeera also decline whereas overall it is in bullish phase, expected to remain upward on large export order due to hampering supplies in the international market.
TECHNICAL VIEW
PEPPER (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 42330,R2- 43164| S1- 41079, S2-40245
RM SEED (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4458, R2- 4545 | S1- 4326 ,S2- 4238
SOYABEAN (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4077, R2- 4158| S1- 3956 S2-3876
TURMERIC (SEP) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5937,R2- 6054 S1-5762 S2-5645
POTATO (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1171, R2-1182, S1- 1130, S2- 1119
JEERA (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 15631,R2-15939,S1-15169, S2- 14861
MENTHA OIL (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1346, R2- 1373 | S1- 1307, S2- 1280
CARDAMOM (SEP) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 1026, R2-1046 | S1-996, S2- 975
CHANA (SEP) VIEW
Trend: Consolidate | Strategy:Sell on high
R1- 4822, R2-4917| S1- 4680, S2- 4584
GUR (SEP) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1216, R2-1229| S1- 1172, S2- 1160
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