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Daily Agri Commodity News Letter 10-12-11

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MARKET WRAP FOR AGRI COMMODITY

·         Cardamom ended down, hits lower circuit

·         Mentha oil ended up on Industrial demand

·         Guar gum & guar seed settled higher on firm demand

In Oil & Oil seed Soybean seed ended up on global cues due to strong export demand. Spices traded mixed today, Turmeric regained on fresh buying on the back of rising demand  while Pepper settled down on profit booking due to ample supply. In Pulses, Chana ended down on short covering due to weak domestic demand in the market.

TECHNICAL VIEW

CARDAMOM (DEC) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 578, R2- 592 | S1- 564 S2- 550

 

CHANA (DEC) VIEW

Trend: Consolidate | Strategy: Sell On High

R1- 3180, R2- 3240| S1- 3120, S2- 3060

 

GUARGUM (DEC) VIEW

Trend: Consolidate | Strategy: Buy on Dips

R1- 18300, R2- 18560| S1- 18040, S2- 17780

GUARSEED (DEC) VIEW

Trend: Consolidate | Strategy: Buy on Dips

R1- 5665, R2-5755 | S1- 5575, S2- 5485

 

JEERA (DEC) VIEW

Trend: Consolidate | Strategy: Sell on High

R1- 13805, R2- 14110 | S1-13505, S2- 13210

 

MENTHA OIL (DEC) VIEW

Trend: Consolidate | Strategy: Sell On High

R1- 1323, R2- 1350 | S1- 1297, S2- 1271

PEPPER (DEC) VIEW

Trend: Consolidate | Strategy: Sell On High

R1- 35615, R2- 36320 | S1- 34885, S2- 34180

 

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- 4750, R2- 4845 | S1-4645, S2-4550

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