* Cardamom up on fresh buying * Chana slides down on profit booking * Jeera tumbles more than 3%
(prHWY.com) February 6, 2012 - Indore, India -- MARKET WRAP FOR AGRI COMMODITY
* Cardamom up on fresh buying
* Chana slides down on profit booking
* Jeera tumbles more than 3%
Cardamom ended up gaining 2.80% or 18.70 pts on the back of fresh buying and expected rise in demand. Chana ended down shredding more than 1% or 34 pts on the back of profit booking at higher levels. Jeera among spices was worst shredding
more than 3% or 469 pts due to higher output concerns while Pepper shredded 45 pts.
MARKET WRAP FOR AGRI COMMODITY
TECHNICAL VIEW
CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 695, R2- 715 | S1- 680 S2- 665
CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3300, R2- 3390| S1- 3230, S2- 3160
GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 41000, R2- 42250| S1- 40250, S2- 39500
GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12720, R2-13100 | S1- 12400, S2- 13900
JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 14400, R2- 14800 | S1-14200, S2- 13850
MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 1560, R2- 1590 | S1- 1530, S2- 1500
PEPPER (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 30600, R2- 31300 | S1- 29900, S2- 29300
MUSTARD SEED (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 3320, R2- 3390 | S1- 3250, S2- 3180
SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 2480 R2- 2540 | S1- 2440, S2- 2380
TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4700, R2- 4810 | S1-4600, S2-4490
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