Daily Agri Commodity NewsLetter 03-02-2012

* Guar gum and seed ends down on profit booking * Spices ends mixed, Jeera and Turmeric ends down * Chana on buying spree, up for 4th consecutive day

Indore, India (prHWY.com) February 3, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Guar gum and seed ends down on profit booking
* Spices ends mixed, Jeera and Turmeric ends down
* Chana on buying spree, up for 4th consecutive day

Guar gum and seed ended down on the back of cautious trend and profit booking at higher levels shredding more than 3.5% each. In Spices, Jeera and Turmeric ended down in red shredding 100 pts and 114 pts respectively while Pepper ended up gaining marginal 85 pts. Chana continued uptrend for 4th consecutive day; up 1.08% or 35 pts.

TECHNICAL VIEW

CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 680, R2- 705 | S1- 665 S2- 640

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3310, R2- 3420| S1- 3238, S2- 3160

GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 40400, R2- 41600| S1- 39600, S2- 38400

GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12270, R2-12650 | S1- 12030, S2- 11670

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 14500, R2- 14890 | S1-14200, S2- 13900

MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1600, R2- 1630 | S1- 1570, S2- 1540

PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 29800, R2- 30500 | S1- 29150, S2- 28400

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 3300, R2- 3380 | S1- 3240, S2- 3150

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 2460 R2- 2510 | S1- 2410, S2- 2360

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4650, R2- 4750 | S1-4540, S2-4440

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