Published on 11/01/2018 1:01:34 PM | Source: Kedia Commodity Ltd

Turmeric trading range for the day is 7320-7656 - Kedia Commodity

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

Trading Ideas


Turmeric trading range for the day is 7320-7656.

Turmeric prices ended with gains on short covering after prices dropped as increase in supplies from farmers and lower export demand kept traders in offloading their positions.

Reports of commencement of new crop supplies in producing centres had a sobering impact on prices.

NCDEX accredited warehouses turmeric stocks flat and remains unchanged by 0 tonnes to 30 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 7616.65 Rupees dropped -23.35 Rupees.


Technical Chart

Trading Ideas


Jeera trading range for the day is 16355-17655.

eera prices dropped as pressure seen after acreage increased sharply in both the producing state-Gujarat and Rajasthan.

Jeera output is likely to be higher than last year due to increased sowing along with good weather conditions.

NCDEX accredited warehouses jeera stocks dropped by 30 tonnes to 9576 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged down by -58.35 Rupees to end at 20541.65 Rupees per 100 kg.

SELL JEERA MAR 2018 @ 16950 SL 17100 TGT 16800-16650.NCDEX

Technical Chart

Trading Ideas


Cardamom trading range for the day is 1070.3-1154.3.

Cardamom gained on short covering after prices dropped amid higher arrivals at auctions held in Kerala and Tamil Nadu.

Total arrivals last week were up at 892 tonnes last week from 707 tonnes the previous week.

Depleting inventories in the upcountry markets coupled with buying support from consuming centres could be attributed to the rise in demand.

Cardamom prices in spot market gained by 3.00 rupees and settled at 1044.30 rupees.

BUY CARDAMOM FEB 2018 @ 1110.00 SL 1095.00 TGT 1134.00-1150.00.MCX

Technical Chart

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer