Chana regains to end higher by 1.40% on consistent domestic demand on the back of ongoing festive season.
(prHWY.com) October 19, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Dhaniya rallied close to 3% on high demand due to festive season.
* Soybean soars to end higher by 2% on short covering by traders.
* Turmeric continued to fall for third straight session on high arrivals.
Chana regains to end higher by 1.40% on consistent domestic demand on the back of ongoing festive season. Turmeric fell for third consecutive day to end lower by around 1% on continuous stock arrivals in the market. Pepper and Castor Seed closed almost flat amid volatility. Jeera rose by close to 1% on high export demand.
TECHNICAL VIEW
PEPPER (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-43772 ,R2- 44635| S1- 42800, S2-42100
RM SEED (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4220, R2- 4324 | S1- 4138 ,S2- 4030
SOYABEAN (OCT) VIEW
Trend: Bearish| Strategy: sell on high
R1- 3218, R2- 3262 S1-3122 , S2-3080
TURMERIC (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5197,R2- 5300 S1-5100 S2-5020
DHANIYA (OCT) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4456 R2-4510, S1- 4312, S2- 4160
JEERA (OCT) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 15530,R2-15836,S1-14765, S2- 15070
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1208,R2- 1232| S1- 1172, S2- 1148
CARDAMOM (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 920, R2-944 | S1-880, S2- 864
CASTOR SEED(OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3818, R2-3870| S1- 3702, S2- 3630
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4960, R2-5000| S1- 4826, S2- 4700
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