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Daily Agri Commodity News Letter 04-02-2012

February 4, 2012 Finance news in Indore,Madhya Pradesh, India, Republic of

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Spices up on fresh buying, Jeera leads • Chana ends up with marginal gains • Mentha oil tumbles on profit booking

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) February 4, 2012 -- MARKET WRAP FOR AGRI COMMODITY

• Spices up on fresh buying, Jeera leads

• Chana ends up with marginal gains

• Mentha oil tumbles on profit booking

Spices traded in green today on the back of short covering and fresh buying at lower level with Jeera leading; up 3.24% or 464 pts while Pepper advanced 2.7% or 795 pts followed by Turmeric gaining marginal 12 pts. Mentha oil tumbled nearly 3% shredding 45.70 pts on the back of profit booking at higher levels on concerns of higher supply.

MARKET WRAP FOR AGRI COMMODITY

TECHNICAL VIEW
CARDAMOM (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 680, R2- 705 | S1- 665 S2- 640

CHANA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3330, R2- 3410| S1- 3260, S2- 3190

GUARGUM (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 41300, R2- 42500| S1- 40500, S2- 39300

GUARSEED (FEB) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 12540, R2-12900 | S1- 12300, S2- 11940

JEERA (FEB) VIEW
Trend: Consolidate | Strategy: Sell On High

R1- 14900, R2- 15220 | S1-14600, S2- 14300

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- 3280, R2- 3360 | S1- 3210, S2- 3150

SOYABEAN (FEB) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 2460 R2- 2510 | S1- 2410, S2- 2360

TURMERIC (MAY) VIEW
Trend: Consolidate | Strategy: Sell on High

R1- 4650, R2- 4750 | S1-4540, S2-4440

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