Soybean remains bullish on rising demand in both international and domestic markets closing with a gain of more than a percent.
(prHWY.com) December 18, 2012 - Indore, India -- MARKET WRAP FOR AGRICOMMODITY
* Mentha Oil closed at 4% lower circuit on adequate supply.
* Dhaniya up by 1.50% on short covering at lower levels.
* Chana closed the session virtually flat amid volatility.
Soybean remains bullish on rising demand in both international and domestic markets closing with a gain of more than a percent. Mentha Oil witnessed a sharp fall ending the day at 4% lower circuit after failed attempts to break its resistance level on the back of sluggish demand against sufficient supply in the domestic market.
TECHNICAL VIEW
PEPPER (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-39600, R2- 40400 | S1- 38400 S2-37600
RM SEED (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1- 4135, R2-4216 | S1-4012 ,S2- 3935
SOYABEAN (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-3430 , R2-3500 | S1- 3330 S2-3265
TURMERIC (DECEMBER) VIEW
Trend: Bullish | Strategy:Buy on dips
R1- 5410, R2-5500 | S1-5230 S2-5120
DHANIYA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5110, R2-5200, S1-4950 , S2-4875
JEERA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-14900 ,R2-15200 S1-14470 , S2-14300
MENTHA OIL (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1406, R2-1434 | S1-1365 , S2- 1336
CARDAMOM (DECEMBER) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1-996 , R2-1016 | S1-966, S2-947
CASTOR SEED (DECEMBER) VIEW
Trend: Bullish | Strategy: =Buy on dips
R1-3826, R2-3900| S1-3715, S2- 3650
CHANA (DECEMBER) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-4160, R2-4242| S1-4040, S2-3955
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