Cardamom declined more than a percent as it failed to sustain at higher levels.
(prHWY.com) December 20, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Castor Seed regains on consistent demand closing up by 2%.
* Pepper ended the trading session virtually flat amid volatility.
* Mentha Oil ended higher by close to 2% on short covering.
RM Seed rallied to close with a gain of more than 2% as traders bought the commodity at lower levels. Pepper remains in consolidation phase as winter season demand prevents the prices from falling further despite sufficient supply in the markets. Cardamom declined more than a percent as it failed to sustain at higher levels.
TECHNICAL VIEW
PEPPER (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39790, R2- 40570 | S1- 38700 S2-37830
RM SEED (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4242, R2-4326 | S1-4118 ,S2- 4035
SOYABEAN (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3390 , R2-3460 | S1- 3290 S2-3225
TURMERIC (DECEMBER) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 5530, R2-5640 | S1-5370 S2-5260
DHANIYA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5230, R2-5330, S1-5075 , S2-4975
JEERA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-15170 ,R2-15475 S1-14725 , S2-14420
MENTHA OIL (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1390, R2-1416 | S1-1350 , S2- 1320
CARDAMOM (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1016 , R2-1040 | S1-987, S2-967
CASTOR SEED (DECEMBER) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3920, R2-3995| S1-3800, S2- 3725
CHANA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-4235, R2-4320| S1-4108, S2-4025
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