Daily AgriCommodity Report By Money CapitalHeight 14-03-2013

Pepper witnessed a sharp rally ending higher by close to 3% on account of limited supply in the domestic market.

Indore, India (prHWY.com) March 14, 2013 - MARKET WRAP FOR AGRICOMMODITY

* Pepper advances for fourth consecutive day on higher demand.
* Chana rallied towards the end of the session on trend line breakout.
* Dhaniya showed a sharp correction on Wednesday losing more than 2%.
*
Pepper witnessed a sharp rally ending higher by close to 3% on account of limited supply in the domestic market. Castor Seed remains negative on continuous arrivals in markets although estimates of lower production for the year are likely to limit the downside. Jeera consolidates with sideways trend ending the session virtually flat.

TECHNICAL VIEW

PEPPER (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-36620, R2- 37340 | S1- 35540 S2-34820
RM SEED (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 3515, R2-3580| S1-3410 ,S2- 3345
SOYABEAN (April) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3570 , R2-3635 | S1- 3460, S2-3390
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 7090, R2-7230 | S1-6880 S2-6745
DHANIYA (April ) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-6740, R2-6877, S1-6545, S2-6412
JEERA (April) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-13650 ,R2-13920 S1-13245 , S2-12970
MENTHA OIL (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1246, R2-1270 | S1-1210 , S2- 1185
CARDAMOM (April) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-920 , R2-938 | S1-892, S2-874
CASTOR SEED (April) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3745, R2-3820| S1-3630, S2- 3560
CHANA (April ) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3480, R2-3545| S1- 3375, S2-3300


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