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Daily Agri -Commodity Report by CapitalHeight.com – 21 December 2011
Daily Agri -Commodity Report by CapitalHeight.com – 21 December 2011
December 20, 2011 Investment news in Indore,Madhya Pradesh, India, Republic of
Spices trades down on profit booking Guar gum and seed continues uptrend
FOR IMMEDIATE RELEASE
Indore,
Madhya Pradesh,
India, Republic of
(Free-Press-Release.com) December 20, 2011 --
MARKET WRAP
Spices trades down on profit booking
Guar gum and seed continues uptrend
Cardamom ends down for 2nd consecutive day
Cardamom ended down for second consecutive day to fresh selling and subdued demand in the near term amid higher availability of stocks. Mentha oil ended down after two days of uptrend owing to profit booking at higher levels. Spices traded down today on the back of profit booking with Jeera shredding 82 pts and Pepper down 315 pts.
TECHNICAL VIEW
CARDAMOM (JAN) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 588, R2- 602 | S1- 574 S2- 560
CHANA (JAN) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3408, R2- 3460| S1- 3348, S2- 3280
GUARGUM (JAN) VIEW
Trend: Bullish | Strategy: Buy on Dips
R1- 22064, R2- 22444| S1- 21680, S2- 21300
GUARSEED (JAN) VIEW
Trend: Bullish | Strategy: Buy on Dips
R1- 6817, R2-6937 | S1- 6690, S2- 6570
JEERA (JAN) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 14845, R2- 15115 | S1-14570, S2- 14300
MENTHA OIL (JAN) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 1315, R2- 1341 | S1- 1290, S2- 1263
PEPPER (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 35681, R2- 36380 | S1- 34950, S2- 34250
MUSTARD SEED (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3457, R2- 3517 | S1- 3400, S2- 3340
SOYABEAN (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2447 R2- 2485 | S1- 2405, S2- 2370
TURMERIC (JAN) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4510, R2- 4610 | S1-4410, S2-4300
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