Published on 21/01/2019 10:51:15 AM | Source: Kedia Commodity Ltd

Buy Cardamom 15 Feb 2019 @ 1620.00 SL 1610.00 TGT 1655.00-1670.00.MCX - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

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*  Turmeric trading range for the day is 6366-6674.

*  Turmeric settled up on short covering after prices dropped on expectations of increase in arrivals

*  Fresh arrivals are expected to increase at the spot market and will remain peak due to the harvesting activities.

*  NCDEX accredited warehouses turmeric stocks gained by 10 tonnes to 70 tonnes.

*  In Nizamabad, a major spot market in AP, the price ended at 6847.75 Rupees gained 15 Rupees.

*  BUY TURMERIC 16 APR 2019 @ 6500 SL 6440 TGT 6620-6750.NCDEX



*  Jeera trading range for the day is 16870-17260.

*  Jeera gained amid firm spot demand from domestic markets and on reports of deficient rainfall in key producing region of Gujarat like Saurashtra and Kutch.

*  Despite the recent progress in the sowing activities, area is lower by 9% YoY as per latest data in Gujarat.

*  NCDEX accredited warehouses jeera stocks dropped by 21 tonnes to 586 tonnes.

*  In Unjha, a key spot market in Gujarat, jeera edged up by 25 Rupees to end at 18266.65 Rupees per 100 kg.

*  BUY JEERA 19 MAR 2019 @ 17050 SL 16900 TGT 17280-17400.NCDEX



*  Cardamom trading range for the day is 1633.2-1673.

*  Cardamom dropped on profit booking after prices gained due to heavy losses to crop due to recent floods and good export hopes.

*  Export of cardamom from the country during 2017-18 spurted 48% to 5,680 ton from 3,850 ton a year ago. 

*  Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals.

*  Cardamom prices in spot market dropped by 29.30 rupees and settled at 1414.20 rupees.

*  BUY CARDAMOM 15 FEB 2019 @ 1620.00 SL 1610.00 TGT 1655.00-1670.00.MCX


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