Turmeric witnessed a rise of 2.60% on short covering by traders at lower levels.
(prHWY.com) October 22, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Cardamom continues to consolidate due to no clarity on price decontrol.
* Turmeric snapped three day decline to end higher by more than 2%.
* Soybean & RM Seed up by more than 1% on rising demand.
Turmeric witnessed a rise of 2.60% on short covering by traders at lower levels. Jeera ended higher by more than 1% as demand in international markets along with domestic markets increases. Mentha Oil ended almost flat sustaining at crucial support level. Chana falls close to 4% on profit booking by traders at higher levels..
TECHNICAL VIEW
PEPPER (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-44000 ,R2- 45060| S1- 42825, S2-42100
RM SEED (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4290, R2- 4375 | S1- 4160 ,S2- 4090
SOYABEAN (NOV) VIEW
Trend: Bearish| Strategy: sell on high
R1- 3358, R2- 3424 S1-3262 , S2-3145
TURMERIC (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1-5320,R2- 5454 S1-5196 S2-5100
DHANIYA (NOV) VIEW
Trend: Consolidate | Strategy: buy on dips
R1- 4650 R2-4735, S1- 4506, S2- 4420
JEERA (NOV) VIEW
Trend: Consolidate | Strategy:buy on dips
R1- 15600,R2-15940 S1-15169, S2- 14861
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1-1187,R2- 1215| S1- 1157, S2- 1110
CARDAMOM (NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 920, R2-945 S1-880, S2- 864
CASTOR SEED(NOV) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 3860 R2-3930| S1- 3715, S2- 3630
CHANA (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 4760, R2-4900| S1- 4680, S2- 4560
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