Daily AgriCommodity Report By Money CapitalHeight 28-02-2013

Castor Seed witnessed a sharp rally for second consecutive trading session on estimates of lower production due to inadequate water supply for the crop.

indore, India (prHWY.com) February 28, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Pepper ends higher by more than 2% on lower level buying.
* Dhaniya remains negative over bad quality crop in markets.
* Castor Seed soars by close to 3% on account of lower supply.

Castor Seed witnessed a sharp rally for second consecutive trading session on estimates of lower production due to inadequate water supply for the crop. Turmeric declined a little over a percent but managed to sustain at major support level of 6070, on breach of which the commodity is likely to show downward movement.

TECHNICAL VIEW

PEPPER (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-38460, R2- 39220 | S1- 37325 S2-36570
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3450, R2-3515| S1-3350 ,S2- 3280
SOYABEAN (March) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3350 , R2-3420 | S1- 3250, S2-3185
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6250, R2-6370 | S1-6060 S2-5940
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6680, R2-6810, S1-6480, S2-6350
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13220 ,R2-13480 S1-12825 , S2-12560
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1260, R2-1284 | S1-1222 , S2- 1197
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-979 , R2-998 | S1-950, S2-930
CASTOR SEED (March) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3845, R2-3920| S1-3735, S2- 3660
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3405, R2-3475| S1- 3300, S2-3240


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