Daily AgriCommodity Market News 04 APR 2012

* Mentha Oil declines on profit booking, Industrial demand also decreases. * Pepper extended its downtrend, increased supply keep prices down

INDORE, India (prHWY.com) April 4, 2012 - MARKET WRAP FOR AGRI COMMODITY
* Mentha Oil declines on profit booking, Industrial demand also decreases.
* Pepper extended its downtrend, increased supply keep prices down.
* Cardamom hits lower circuit on extended selling.
Chana remain weak due to selling pressure, prices declines 1.4%. Jeera continued its sideways trend, demand is still weak. RM Seed down by 1.5 %, trend remain uncertain for next trading session. Soya bean was weak on profit booking. Turmeric is trading near its crucial support of 3915, prices may remain under pressure.
TECHNICAL VIEW
CARDAMOM (APR) VIEW
Trend: Consolidate | Strategy: Sell On Highs
R1- 1105, R2- 1118| S1-1091, S2- 1076

CHANA (APR) VIEW
Trend: Consolidate| Strategy: Buy on dips
R1- 3585, R2-3655| S1- 3515, S2- 3445

GUR (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1161, R2-1175 | S1- 1147, S2- 1133

POTATO (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1021, R2-1035 | S1- 1007, S2- 993

JEERA (APR) VIEW
Trend: Consolidate | Strategy: Sell on highs
R1- 12110, R2- 12410 | S1-11810, S2- 11510

MENTHA OIL (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2416, R2- 2442 | S1- 2390, S2- 2364

PEPPER (APR) VIEW
Trend: Consolidate| Strategy: Sell on highs
R1- 38505, R2- 39205 | S1- 37845, S2-37145

RM SEED (APR) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3893, R2- 3968 | S1- 3823, S2- 3748

SOYABEAN (APR) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3107, R2- 3157 | S1- 3057, S2-3007

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on Highs
R1- 4018, R2- 4118| S1-3918, S2-3818

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