Daily AgriCommodity NewsLetter By Money CapitalHeight 21-03-2012

* Pepper production in India may regain 50000 tons level by 2013-14. * RM Seeds continue bull rally, almost touched 4000 level

INDORE, India (prHWY.com) March 21, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Pepper production in India may regain 50000 tons level by 2013-14.
* RM Seeds continue bull rally, almost touched 4000 level
* Turmeric down, near to its crucial support of 4150

Soyabean Oil opened gap down but recover in the closing trading sessions. Jeera continue its fall, down 450 Rs. Guargum crossed 90000 levels, Guarseed also closed on upper circuit. Cardamom shows profit booking, closed down by 50 pts.

TECHNICAL VIEW
PEPPER (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 42795, R2- 43495 | S1- 42135, S2- 41435

MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 4003, R2- 4078 | S1- 3933, S2- 3858

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2912 R2- 2962 | S1- 2862, S2- 2812

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4256, R2- 4356| S1-4156, S2-4056

GUARSEED (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 28870, R2-29230 | S1- 28630, S2- 28270

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12473, R2- 12773 | S1-12173, S2- 11873

MENTHA OIL (JAN) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 2268, R2- 2294 | S1- 2242, S2- 2216

CARDAMOM (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 1297, R2- 1311| S1-1283 S2- 1269

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3826, R2- 3896| S1- 3756, S2- 3686

GUARGUM (FEB) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 92630, R2- 93830| S1- 91830, S2- 90630

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