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Published on 13/06/2018 11:13:55 AM | Source: Kedia Commodity Ltd

Buy Cardamom Jul 2018 @ 940.00 SL 930.00 TGT 955.00-970.00 - Kedia Commodity

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

Trading Ideas

Turmeric

Turmeric trading range for the day is 7106-7246.

Turmeric prices gained on account of lower level buying by stockists and retailers.

Further firm demands from domestic and export markets and concerns on supply squeeze amid minimum stock levels also supported the prices.

NCDEX accredited warehouses turmeric stocks dropped by 79 tonnes to 5698 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7301.45 Rupees dropped -0.2 Rupees.

BUY TURMERIC JUL 2018 @ 7130 SL 7000 TGT 7280-7380.NCDEX

Trading Ideas

Jeera

Jeera trading range for the day is 15990-16620.

Jeera prices gained on the back of improved physical and exports demand.

Further prices seen supported amid expectation of strong overseas demand on supply uncertainties in other producing nations.

NCDEX accredited warehouses jeera stocks gained by 120 tonnes to 2012 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 56.1 Rupees to end at 16283.35 Rupees per 100 kg.

BUY JEERA JUL 2018 @ 16250 SL 16100 TGT 16380-16500.NCDEX

Trading Ideas

Cardamom

Cardamom trading range for the day is 915.1-968.9.

Cardamom gained on short covering after prices dropped on reports of bumper output on the back of favourable weather

There has been raining in the producing centres of Kerala and present weather is conducive to the coming crop.

Producing centres of Kerala are getting good rains and monsoon is also expected to hit Kerala coast three days before schedule.

Cardamom prices in spot market gained by 6.60 rupees and settled at 968.30 rupees.

BUY CARDAMOM JUL 2018 @ 940.00 SL 930.00 TGT 955.00-970.00.MCX

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