Daily Agri -Commodity Report by CapitalHeight.com – 31 December 2011

FOR IMMEDIATE RELEASE
Indore, Madhya Pradesh, India, Republic of (Free-Press-Release.com) December 30, 2011 -- MARKET WRAP

Guar gum and seed ends down on lower circuit

Pepper and Jeera ended up gaining almost 1%

Oil and oil seeds edges, mustard seed edges up

Guar gum and Seed ends down in red on lower circuit due to profit booking at high levels as its trend is cautious and is overdue for a correction. In Spices space, Jeera and Pepper edged up 155 pts and 310 pts respectively while Turmeric ended down due to subdued demand shredding 60 pts. Mustard seed edged up again by gaining 27 pts.

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- 3325, R2- 3385| S1- 3265, S2- 3190

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

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

JEERA (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
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

MUSTARD SEED (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 3665, R2- 3725 | S1- 3610, S2- 3540

SOYABEAN (JAN) VIEW
Trend: Consolidate | Strategy: Buy On Dips
R1- 2500 R2- 2540 | S1- 2460, S2- 2420

TURMERIC (APR) VIEW
Trend: Consolidate | Strategy: Sell on High
R1- 4690, R2- 4790 | S1-4580, S2-4480

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