Daily Agri -Commodity Report by CapitalHeight.com – 27 December 2011

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) December 26, 2011 -- MARKET WRAP

Cardamom hits upper circuit on limited stocks

Guar gum & seed hits lower circuit on profit booking

Turmeric hits upper circuit on fresh buying

Spices traded in green today with Turmeric leading as it hit upper circuit or gaining 186 pts on fresh buying amid better demand outlook followed by Jeera adding 3% while Pepper lost 1.75% on fresh selling. Guar gum and Seed ended down hitting lower circuit on the back of profit booking. Cardamom gained 23.8 pts or 4% on limited stocks.

TECHNICAL VIEW
CARDAMOM (JAN) VIEW

Trend: Consolidate | Strategy: Sell on High
R1- 627, R2- 641 | S1- 613 S2- 599

CHANA (JAN) VIEW
Trend: Consolidate | Strategy: Sell On High
R1- 3340, R2- 3420| S1- 3280, S2- 3210

GUARGUM (JAN) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 23120, R2- 23500| S1- 22740, S2- 22360

GUARSEED (JAN) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 7000, R2-7130 | S1- 6890, S2- 6770

JEERA (JAN) VIEW
Trend: Bullish | Strategy: Buy On Dips
R1- 16240, R2- 16510 | S1-15970, S2- 15700

MENTHA OIL (JAN) VIEW

Trend: Consolidate | Strategy: Sell On High
R1- 1341, R2- 1367 | S1- 1315, S2- 1290

PEPPER (JAN) VIEW
Trend: Consolidate | Strategy: Sell On Highs
R1- 33300, R2- 34000 | S1- 32600, S2- 31860

MUSTARD SEED (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3515, R2- 3575 | S1- 3460, S2- 3410

SOYABEAN (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2455 R2- 2495 | S1- 2410, S2- 2375

TURMERIC (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4860, R2- 4960 | S1-4760, S2-4660

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