Daily Agri Commodity NewsLetter 02-02-2012

* Chana extends uptrend on fresh buying * Guar gum and seed extends up trend * Jeera and Pepper down, Turmeric up 3%

Indore, India (prHWY.com) February 2, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Chana extends uptrend on fresh buying
* Guar gum and seed extends up trend
* Jeera and Pepper down, Turmeric up 3%
Spices ended mixed today with Jeera ending down on negative basis shredding trivial 8 pts while Pepper tumbled 2.20% or 660 pts. Turmeric sizzled up gaining 3% or 138 pts.
Mustard seed ended down losing 15 pts while Soya bean shredded trivial 5 pts.
Mentha oil ended down losing 42 pts or 2.59% on the back of profit booking at higher levels.

PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 29600, R2- 30350 | S1- 28900, S2- 28300

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 3330, R2- 3405 | S1- 3250, S2- 3170

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 2480 R2- 2535 | S1- 2433, S2- 2380

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4750, R2- 4860 | S1-4650, S2-4550

GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12690, R2-13050 | S1- 12440, S2- 12080

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 14600, R2- 14900 | S1-14300, S2- 13990

MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1590, R2- 1640 | S1- 1560, S2- 1510

CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 670, R2- 690 | S1- 655 S2- 635

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3270, R2- 3340| S1- 3190, S2- 3120

GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 41710, R2- 42900| S1- 41000, S2- 39600

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