Published on 12/07/2018 11:33:49 AM | Source: Kedia Commodity Ltd

Sell Turmeric Aug 2018 @ 7050 SL 7120 TGT 6930-6850 - Kedia Commodity

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

Trading Ideas


Turmeric trading range for the day is 6904-7124.

Turmeric prices ended with losses tracking weakness in spot demand on expectation of rise in acreage.

Overall area is expected to increase by 10-15% on year.

NCDEX accredited warehouses turmeric stocks dropped by 20 tonnes to 5459 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7326.25 Rupees dropped -3.5 Rupees.

SELL TURMERIC AUG 2018 @ 7050 SL 7120 TGT 6930-6850.NCDEX

Trading Ideas


Jeera trading range for the day is 18210-18790.

Jeera prices settled flat tracking good monsoon progress amid selling at higher level.

Monsoon rainfall in Gujarat and Rajasthan is expected to be active in near-term.

NCDEX accredited warehouses jeera stocks gained by 30 tonnes to 2016 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged down by -123.35 Rupees to end at 18366.65 Rupees per 100 kg.

SELL JEERA AUG 2018 @ 18600 SL 18770 TGT 18450-18350.NCDEX

Trading Ideas


Cardamom trading range for the day is 976.3-1037.9.

Cardamom prices gained on reports that recent rains have damaged the plants and output may be lower.

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

Rains have also impacted the new crops and supplies from the fresh crop would get momentum by the third week of this month.

Cardamom prices in spot market dropped by 5.20 rupees and settled at 1016.30 rupees.

BUY CARDAMOM AUG 2018 @ 1000.00 SL 980.00 TGT 1020.00-1040.00.MCX

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