Turmeric prices hits 2% upper circuit on fresh buying-
Turmeric future prices traded on a very subdued note during
Yesterday’s trading session. Turmeric prices started the day on
flat to negative note due to absence of fresh orders from
upcountry buyers. Whatever it traded up for most of the day
and it closed up side with gain of RS. 324 per Quinta which is
approx 3.79% up against its previous close. Buy on dips for the
today’s trading session.
Jeera prices gain on short covering-
Jeera futures resumed its trade in positive direction as concerns
on output increased further supporting market sentiments. It
opened higher and traded downwards for most parts of trading
session. But later on afternoon session it traded beyond upper
limit as traders built fresh buy positions. Jeera Mar contract
closed the day at Rs.14785 per quintal, which is higher by
1.09% from its previous close. But upside is limited due to
weak export demand sell on high is recommended for the
today’s trading session.
Dhaniya prices gain on lower arrivals in the spot market-
Dhaniya futures traded higher as traders built buying positions
in anticipation of lower arrivals in the spot market. It opened
higher and traded both side during morning session. But later
on afternoon Dhaniya prices gain with RS. 248 per quintal
which is higher by 3.68% it’s previous.
SELL JEERA MARCH BELOW 14850 AND MAINTAIN STOP LOSS
ABOVE 15050. WE CAN SEE THE TARGETS AROUND 14700/14500
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