Daily Agri Commodity News Letter 16-03-2012

* Turmeric rebounds on fresh buying * Soya bean extends downtrend; pepper recover * Guargam extends uptrend

INDORE, India (prHWY.com) March 16, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Turmeric rebounds on fresh buying
* Soya bean extends downtrend; pepper recover
* Guargam extends uptrend

Turmeric rebounded on the back of fresh buying at lower levels and short covering as it
added 1.51 or 64 pts to end at 4226. Soyabean extended their downtrend and end at
2780, while Guargam was up 8.76% or 6250 pts and Guarseed was 4.01% or 940 pts.

TECHNICAL VIEW
PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 41460, R2- 40760 | S1- 40100, S2- 39400

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 3844, R2- 3769 | S1- 3699, S2- 3624

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2855 R2- 2805 | S1- 2755, S2- 2705

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4440, R2- 4340 | S1-4240, S2-4140

GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 24870, R2-24510 | S1- 24270, S2- 23910

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 13360, R2- 13060 | S1-12760, S2- 12460

MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2253, R2- 2227 | S1- 2201, S2- 2175

CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 942, R2- 928| S1-914 S2- 900

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3754, R2- 3684| S1- 3614, S2- 3544

GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 79180, R2- 77980| S1- 77180, S2- 75980

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