Published on 12/01/2018 1:07:07 PM | Source: Kedia Commodity Ltd

Turmeric trading range for the day is 7448-7680 - Kedia Commodity

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Turmeric

Turmeric trading range for the day is 7448-7680.

Turmeric gained as reports of thin supplies in local markets and decline of yield due to poor rainfall in major producing states.

New crop would commence by the end of this month and expectations of selling by the AP Markfed.

Around 5,000 bags arrived for sale and the buyers purchased all the 600 bags of good quality turmeric and purchased 2,500 and odd bags of medium quality.

In Nizamabad, a major spot market in AP, the price ended at 7650 Rupees gained 33.35 Rupees.

SELL TURMERIC APR 2018 @ 7650 SL 7750 TGT 7520-7380.NCDEX

Technical Chart

Trading Ideas

Jeera

Jeera trading range for the day is 16700-17080.

Jeera prices ended with gains on higher physical demand in domestic and overseas market.

However upside seen limited amid with reports of higher acreage of cumin in the current season.

NCDEX accredited warehouses jeera stocks gained by 509 tonnes to 10085 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 88.35 Rupees to end at 20630 Rupees per 100 kg.

SELL JEERA MAR 2018 @ 17100 SL 17250 TGT 16950-16800.NCDEX

Technical Chart

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Cardamom

Cardamom trading range for the day is 1087.4-1139.

Cardamom 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 2.80 rupees and settled at 1047.10 rupees.

SELL CARDAMOM FEB 2018 @ 1110.00 SL 1130.00 TGT 1095.00-1080.00.MCX

Technical Chart


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