Cardamom rallied by more than 2% on account of tight supply.
(prHWY.com) December 26, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Cardamom rallied by more than 2% on account of tight supply.
* Jeera tumbled close to 2% on profit booking at higher levels.
* Castor Seed witnessed a sharp correction ending lower by more than 3%.
Jeera closed in the negative territory for third consecutive trading session witnessing profit booking at higher levels although it is expected to show recovery in the coming sessions on strong fundamentals. Mentha Oil remains volatile ending the session lower by close to 2%. Chana consolidates with negative bias closing with minimal loss.
TECHNICAL VIEW
PEPPER (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35400, R2- 36170 | S1- 34475 S2-33600
RM SEED (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4240, R2-4320 | S1-4115 ,S2- 4030
SOYABEAN (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3280 , R2-3350 | S1- 3180 S2-3120
TURMERIC (DECEMBER) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6390, R2-6515 | S1-6200 S2-6075
DHANIYA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5365, R2-5440, S1-5180 , S2-5070
JEERA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-15470 ,R2-16780 S1-15000 , S2-14710
MENTHA OIL (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1416, R2-1445 | S1-1375 , S2- 1347
CARDAMOM (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1060 , R2-1082 | S1-1030, S2-1009
CASTOR SEED (DECEMBER) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3680, R2-3865| S1-3670, S2- 3600
CHANA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-4080, R2-4160| S1-3970, S2-3880
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