Daily Agri Commodity News Letter 09-12-11
MARKET WRAP FOR AGRI COMMODITY
· Jeera edges higher on fresh buying
· Turmeric ended up on rising demand
· Chana tumbled on profit booking
Guar gum and Guar seed settled higher on fresh buying due to strong export demand & lower arrival. Mentha oil ended down on profit booking due to weak industrial demand. In Spices Jeera ended up on fresh buying due to weak sowing followed by Turmeric edges higher on fresh buying & Pepper ended marginally ended up with positive bias.
CARDAMOM (DEC) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 604, R2- 618 | S1- 590 S2- 576
CHANA (DEC) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3170, R2- 3230| S1- 3105, S2- 3050
GUARGUM (DEC) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 18140, R2- 18400| S1- 17880, S2- 17620
GUARSEED (DEC) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 5645, R2-5740 | S1- 5560, S2- 5465
JEERA (DEC) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 13770, R2- 14075 | S1-13475, S2- 13165
MENTHA OIL (DEC) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 1311, R2- 1337 | S1- 1285, S2- 1260
PEPPER (DEC) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 35880, R2- 36585 | S1- 35150, S2- 34455
MUSTARD SEED (DEC) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3235, R2- 3290 | S1- 3180, S2- 3125
SOYABEAN (DEC) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2300 R2- 2340 | S1- 2260, S2- 2220
TURMERIC (DEC) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4645, R2- 4740 | S1-4540, S2-4445
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