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Published on 14/06/2018 11:19:58 AM | Source: Kedia Commodity Ltd

Buy Turmeric Jul 2018 @ 7350 SL 7250 TGT 7480-7550 - Kedia Commodity

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

Trading Ideas

Turmeric

Turmeric trading range for the day is 7096-7636.

Turmeric prices gained due to bargain buying by stockists and retailers amid restricted supplies from growing regions.

However upside seen limited amid good progress of monsoon rains in turmeric growing regions of Tamil Nadu and Karnataka.

NCDEX accredited warehouses turmeric stocks gained by 79 tonnes to 5777 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7301.45 Rupees remains unchanged at0 Rupees.

BUY TURMERIC JUL 2018 @ 7350 SL 7250 TGT 7480-7550.NCDEX

Trading Ideas

Jeera

Jeera trading range for the day is 16215-16785.

Jeera prices gained amid expectation of strong overseas demand on supply uncertainties in other producing nations.

Global demand for Indian jeera has firmed up as Syria and Turkey crop will arrive only around June-July.

NCDEX accredited warehouses jeera stocks gained by 309 tonnes to 2321 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 145.2 Rupees to end at 16428.55 Rupees per 100 kg.

BUY JEERA JUL 2018 @ 16450 SL 16300 TGT 16600-16750.NCDEX

Trading Ideas

Cardamom

Cardamom trading range for the day is 941.8-1004.6.

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 20.30 rupees and settled at 988.60 rupees.

BUY CARDAMOM JUL 2018 @ 960.00 SL 945.00 TGT 978.00-990.00.MCX

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