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Published on 10/08/2018 1:46:36 PM | Source: Kedia Commodity Ltd

Buy Cardamom Sep 2018 @ 1115.00 SL 1100.00 TGT 1128.00- 1140.00 - Kedia Commodity

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

Trading Ideas

Turmeric

Turmeric trading range for the day is 7124-7308.

Turmeric prices dropped on sluggish demand and hopes of higher sowing.

Turmeric prices were lower as sowing is expected to be higher this year and stocks are comfortable.

NCDEX accredited warehouses turmeric stocks dropped by 20 tonnes to 5215 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7215 Rupees dropped -60 Rupees.

SELL TURMERIC SEP 2018 @ 7250 SL 7350 TGT 7140-7050.NCDEX

Trading Ideas

Jeera

Jeera trading range for the day is 19785-20435.

Jeera settled flat on profit booking after prices gained on robust demand and lower output this year.

Jeera prices were higher on lower output this season while the stock is also less.

NCDEX accredited warehouses jeera stocks gained by 927 tonnes to 3436 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 22.4 Rupees to end at 19780.75 Rupees per 100 kg.

SELL JEERA SEP 2018 @ 20150 SL 20300 TGT 20000-19850.NCDEX

Trading Ideas

Cardamom

Cardamom trading range for the day is 1091.1-1141.1.

Cardamom prices gained as there are fears of damage to standing crops and delay in new crop supplies.

Stockists did not make buying on hopes of higher output and early commencement of new crop supplies.

Heavy monsoon rainfall that has caused damage to plantation thereby resulting in crop loss and downward revision of earlier made higher crop estimates.

Cardamom prices in spot market dropped by 5.30 rupees and settled at 1072.20 rupees.

BUY CARDAMOM SEP 2018 @ 1115.00 SL 1100.00 TGT 1128.00-1140.00.MCX

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