Daily AgriCommodity Report By MarketMagnify 11-02-2013

Dhaniya declines for fifth consecutive session closing with loss of more than a percent on account of lower demand in the domestic markets. It may show some recovery from lower levels in the upcoming session.

Indore, India (prHWY.com) February 11, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Mentha Oil rises for sixth straight day gaining close to 3%.
* Jeera extends decline due to new crop arrival in the market.
* Cardamom consolidates to end the trading session virtually flat.
Dhaniya declines for fifth consecutive session closing with loss of more than a percent on account of lower demand in the domestic markets. It may show some recovery from lower levels in the upcoming session. Mentha Oil remains bullish on rising global demand. Soybean dives more than 1% taking cue from international markets.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-36215, R2- 36930 | S1- 35145 S2-34430
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3444, R2-3512| S1-3345 ,S2- 3275
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3290 , R2-3355 | S1- 3190, S2-3125
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6300, R2-6425 | S1-6110 S2-5990
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6440, R2-6570, S1-6250, S2-6125
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13290 ,R2-13550 S1-12900 , S2-13635
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1434, R2-1461 | S1-1391 , S2- 1362
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1001 , R2-1016 | S1-967, S2-947
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3600, R2-3670| S1-3490, S2- 3420
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3475, R2-3540| S1- 3370, S2-3330

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