Today AgriCommodity Report By MarketMagnify 06-03-2013

Cardamom extends decline falling for third consecutive day to close at 4% lower circuit on estimates of higher production due to distribution of subsidies under cardamom replanting scheme.

Indore, India (prHWY.com) March 6, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Soybean surges more than 3% tracking international markets.
* Cardamom hits lower circuit on estimates of higher production.
* RM Seed rises more than a percent on short covering at lower levels.

Cardamom extends decline falling for third consecutive day to close at 4% lower circuit on estimates of higher production due to distribution of subsidies under cardamom replanting scheme. Dhaniya witnesses a volatile trading session ending almost flat. Mentha Oil ends lower by more than a percent on account of profit booking by traders.

TECHNICAL VIEW

PEPPER (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35230, R2- 35925 | S1- 34190 S2-33495
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3460, R2-3530| S1-3360 ,S2- 3290
SOYABEAN (April) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3440 , R2-3510 | S1- 3340, S2-3270
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6240, R2-6355 | S1-6050 S2-5925
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6535, R2-6665, S1-6345, S2-6215
JEERA (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13225 ,R2-13490 S1-12840 , S2-12575
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1266, R2-1291 | S1-1228 , S2- 1203
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-904 , R2-923 | S1-878, S2-860
CASTOR SEED (April) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3812, R2-3885| S1-3700, S2- 3625
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3355, R2-3420| S1- 3250, S2-3190



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