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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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