Dhaniya witnessed a sharp surge towards the end of the trading session after declining substantially in the first half managing to close with a gain of more than a percent.
(prHWY.com) January 2, 2013 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Dhaniya advanced for third consecutive day on rising demand.
* RM Seed rises close to 1% taking support from rising trend line.
* Turmeric showed correction at upper levels closing in red terrain..
Dhaniya witnessed a sharp surge towards the end of the trading session after declining substantially in the first half managing to close with a gain of more than a percent. Pepper consolidates with negative bias but manages to sustain at its support level of 33820. Jeera and Chana end with moderate gains on lower level buying.
TECHNICAL VIEW
PEPPER (February) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-34660, R2- 35345 | S1- 33640 S2-32950
RM SEED (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4285, R2-4370 | S1-4160 ,S2- 4075
SOYABEAN (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3265 , R2-3330 | S1- 3170 S2-3105
TURMERIC (April) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 6840, R2-6975 | S1-6640 S2-6505
DHANIYA (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5640, R2-5750, S1-5470 , S2-5360
JEERA (March) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-15000 ,R2-15280 S1-14540 , S2-14250
MENTHA OIL (January) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1475, R2-1502 | S1-1430 , S2- 1401
CARDAMOM (January) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-1048 , R2-1068 | S1-1017, S2-996
CASTOR SEED (January) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3745, R2-3820| S1-3640, S2- 3565
CHANA (January) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3935, R2-4010| S1-3815, S2-3740
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