Daily Agri -Commodity Report by CapitalHeight.com- 02 January 2012

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) January 1, 2012 -- MARKET WRAP

Mustard seed ends up by hitting upper circuit

Turmeric & Chana ended up gaining almost 2%

Guar gum and seed ended mixed

Mustard Seed ended with handsome gains by hitting upper circuit due to extended buying indicating Bull Run. In oil & oil seed space, Soybean has showed momentum by gaining around 1.8%, while Turmeric ended more than 2.4% up due to short covering. Mustard seed edged up again by gaining 27 pts. Chana added profit of around 1.50%.

TECHNICAL VIEW
CARDAMOM (JAN) VIEW

Trend: Consolidate | Strategy: Sell on High
R1- 603, R2- 617 | S1- 589 S2- 575

CHANA (JAN) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3372, R2- 3432| S1- 3312, S2- 3252

GUARGUM (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 23650, R2- 24020| S1- 23270, S2- 22850

GUARSEED (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 7110, R2-7240 | S1- 7000, S2- 6850

JEERA (JAN) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 16160, R2- 16450 | S1-15890, S2- 15620

MENTHA OIL (JAN) VIEW

Trend: Consolidate | Strategy: Sell On High
R1- 1332, R2- 1358 | S1- 1306, S2- 1280

PEPPER (JAN) VIEW
Trend: Consolidate | Strategy: Sell On Highs
R1- 33360, R2- 34050 | S1- 32600, S2- 31900


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