Today AgriCommodity Report By MarketMagnify 07-03-2013

Dhaniya witnessed a sharp rise on Wednesday closing with a gain of more than 2% as traders bought the commodity at attractive levels after the recent correction. Soybean extends gains on the back of limited supply in overseas markets.

Indore, India (prHWY.com) March 7, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Dhaniya gains more than 2% on short covering at attractive levels.
* Turmeric hits upper circuit after failing to break its support level.
* Cardamom remains negative due to the Guatemalan cardamom issue.
Dhaniya witnessed a sharp rise on Wednesday closing with a gain of more than 2% as traders bought the commodity at attractive levels after the recent correction. Soybean extends gains on the back of limited supply in overseas markets. Castor Seed ends the trading session almost flat as it erased entire gains of the first half on selling pressure.

TECHNICAL VIEW

PEPPER (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-35070, R2- 35765 | S1- 34040 S2-33345
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3440, R2-3505| S1-3332 ,S2- 3270
SOYABEAN (April) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3470 , R2-3540 | S1- 3370, S2-3300
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6475, R2-6600 | S1-6280 S2-6150
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6660, R2-6790, S1-6460, S2-6330
JEERA (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13145 ,R2-13405 S1-12760 , S2-12500
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1271, R2-1297 | S1-1234 , S2- 1209
CARDAMOM (March) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-879 , R2-996 | S1-854, S2-835
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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