Daily AgriCommodity Report By Market Magnify 07-02-2013

Pepper witnessed a decline of close to a percent as traders booked profits at higher levels and is expected to trade with negative bias in the upcoming session.

Indore, India (prHWY.com) February 7, 2013 - * Pepper down close to 1% approx. on profit booking.
* Castor Seed extends decline owing to sluggish demand.
* Chana falls for fifth consecutive session on continuous arrivals.
Pepper witnessed a decline of close to a percent as traders booked profits at higher levels and is expected to trade with negative bias in the upcoming session. Cardamom tumbled close to 2% failing to sustain at its support level as higher supply of the commodity pressurize the prices. Turmeric remains volatile gaining more than 1%.

TECHNICAL VIEW

PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39485, R2- 40260 | S1- 38320 S2-37540
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3500, R2-3575| S1-3400 ,S2- 3330
SOYABEAN (February) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3360 , R2-3425 | S1- 3260, S2-3190
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6450, R2-6580 | S1-6260 S2-6135
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6785, R2-6916, S1-6585, S2-6450
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13695 ,R2-13965 S1-13290 , S2-13020
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1347, R2-1374 | S1-1307 , S2- 1280
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1016 , R2-1040 | S1-990, S2-969
CASTOR SEED (February) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3560, R2-3630| S1-3455, S2- 3385
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3435, R2-3500| S1- 3340, S2-3265


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