• Cardamom shows smart recovery closing at 4% upper circuit.
• Turmeric plunged more than 3% on higher output concerns.
• Mentha Oil tumbled close to 4% on sluggish demand due to ban on gutkha.
Soybean surged 4% closing the day on upper circuit tracking positive global cues as demand in US rose due to weather damage to Canada’s canola crop. Weak domestic demand kept pressure on the prices of Mentha Oil leading to a fall of almost 4%. RM Seed witnessed a rise of close to 3% on revival of demand in local markets.
MARKET WRAP FOR AGRI COMMODITY
TECHNICAL VIEW
PEPPER (OCT) VIEW
Trend: Consolidate | Strategy: Sell on high
R1-43750 ,R2- 44815| S1- 42650, S2-41785
RM SEED (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 3882, R2- 3974 | S1- 3782 ,S2- 3650
SOYABEAN (OCT) VIEW
Trend: Bearish| Strategy: sell on high
R1- 3121, R2- 3182 S1- 3029, S2-2967
TURMERIC (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-5392,R2- 5498 S1-5232 S2-5126
POTATO (OCT) VIEW
Trend: Bearish | Strategy: Sell on high
R1- 857 R2-875, S1- 832, S2- 815
JEERA (OCT) VIEW
Trend: Consolidate | Strategy:sell on high
R1- 14040,R2-14335,S1-13530, S2- 13250
MENTHA OIL (OCT) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1-1156,R2- 1185| S1- 1122, S2- 1110
CARDAMOM (OCT) VIEW
Trend: Consolidate | Strategy: sell on high
R1- 960, R2-977 | S1-930, S2- 881
CHANA (OCT) VIEW
Trend: Consolidate | Strategy: Buy on Dips
R1- 4617, R2-4700| S1- 4507, S2- 4356
GUR (NOV) VIEW
Trend: Consolidate | Strategy: Buy on dips
R1- 1171, R2-1192| S1- 1141, S2- 1109
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