Daily Agri Commodity News Letter 14-03-2012

* Pepper rebounds on fresh buying * Mentha oil down on profit booking * Turmeric extends downtrend on selling pressure

INDORE, India (prHWY.com) March 14, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Pepper rebounds on fresh buying
* Mentha oil down on profit booking
* Turmeric extends downtrend on selling pressure

Pepper rebounded on the back of fresh buying at lower level as it sizzled up to hit 4% upper circuit adding 1595 pts to end at 41350. Turmeric extended its downtrend for third consecutive day shredding 1.03% or 44 pts due to selling pressure amid subdued demand outlook. Cardamom was in red, down 1.58% or 14.8 pts due to profit booking.

TECHNICAL VIEW
PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 41000, R2- 42400 | S1- 41000, S2- 40200

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 3710, R2- 3780 | S1- 3640, S2- 3560

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2840 R2- 2890 | S1- 2740, S2- 2790

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4290, R2- 4400 | S1-4190, S2-4090
GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 22800, R2-23400 | S1- 22400, S2- 21700

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 13100, R2- 13400 | S1-12700, S2- 12500

MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2240, R2- 2290 | S1- 2190, S2- 2110
CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 940, R2- 965 | S1-885 S2- 905

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3640, R2- 3740| S1- 3540, S2- 3410

GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 72600, R2- 74500| S1- 71370, S2- 69500

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