Daily AgriCommodity Report By MarketMagnify 12-02-2013

RM seed trading in a tight range and closed almost flat. Jeera overall trend is bearish as traders reduced their positions, also expectations of higher output & producing regions mainly lowered the prices.

Indore, India (prHWY.com) February 12, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Mentha Oil show profit booking & closed with loss of 1% approx.
* Soybean extends decline due to new crop arrival in the market.
* Turmeric remains positive on rising demand in spot market.
RM seed trading in a tight range and closed almost flat. Jeera overall trend is bearish as traders reduced their positions, also expectations of higher output & producing regions mainly lowered the prices. Soybean continues downward movement taking cue from international markets. Dhaniya consolidate with positive biasness and gains 0.6%.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39483, R2- 40261 | S1- 38315 S2-37540
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3433, R2-3500| S1-3331 ,S2- 3264
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3308 , R2-3374 | S1- 3211, S2-3145
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6360, R2-6485 | S1-6172 S2-6046
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6475, R2-6602, S1-6285, S2-6155
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13300 ,R2-13565 S1-12910 , S2-12645
MENTHA OIL (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1423, R2-1451 | S1-1380 , S2- 1353
CARDAMOM (February) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-995 , R2-1015 | S1-966, S2-946
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3506, R2-3575| S1-3403, S2- 3335
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3445, R2-3512| S1- 3345, S2-3275

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