Daily Agri -Commodity Report by CapitalHeight.com – 20 December 2011

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) December 19, 2011 -- MARKET WRAP

Spices trades up on supply concerns

Turmeric hits upper circuit

Guar gum and seed rebounds, hits upper circuit

Spices traded up today on thin supply concerns with Turmeric rebounding and gaining 172 pts to hit upper circuit on supply concerns and expected rise in demand. Jeera and Pepper followed gaining 481 pts and 10 pts respectively. Guar gum and seed rebounded on fresh buying to end up on upper circuit while Chana edged up 30 pts.

TECHNICAL VIEW
CARDAMOM (JAN) VIEW

Trend: Consolidate | Strategy: Sell on High
R1- 596, R2- 610 | S1- 582 S2- 568

CHANA (JAN) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3445, R2- 3505| S1- 3385, S2- 3325

GUARGUM (JAN) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 21222, R2- 21602| S1- 20842, S2- 20462

GUARSEED (JAN) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 6557, R2-6677 | S1- 6437, S2- 6317

JEERA (JAN) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 14870, R2- 15140 | S1-14600, S2- 14330

MENTHA OIL (JAN) VIEW

Trend: Consolidate | Strategy: Sell On High
R1- 1329, R2- 1355 | S1- 1303, S2- 1277

PEPPER (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 35990, R2- 36700 | S1- 35260, S2- 34560



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