 |
| CapitalStars Investment Adviser |
Turmeric futures (Nov) is expected to trade with a downside bias as it is facing resistance near 6750-6820 levels. On the spot markets, the arrival of turmeric has been increased. The sale in all the markets was encouraging and more than 70 percent was sold. At the Erode Turmeric Merchants Association Sales yard, finger turmeric was sold at Rs.5,703 to Rs.8,177 a quintal, root variety at Rs.5,099 to Rs.7,125. Jeera futures (Nov) is expected to trade with a bullish bias taking support near 20280 levels. Scanty rainfall during the crucial Jun-Sep monsoon season and so far in October in major jeera growing states–Gujarat and Rajasthan is likely to hit sowing. Farmers are waiting for temperatures to fall a bit, & presently soil moisture is also low. Poor soil moisture means lower rate of germination and an adverse effect on yields as a result. Some market participants, however, expect acreage to remain largely unchanged on year, but say yields would depend upon the weather over the next three-four month. As domestic demand continues to remain firm, a rise in export enquiries from China, Bangladesh, and Singapore may also push prices higher. Coriander futures (Dec) may test 6300-6400 on the higher side taking support near 5750 levels. Spot coriander prices continued to rule firm at major markets in the country due to adverse weather conditions in key producing belts. The prices gained at key markets in Gujarat and at markets of Rajasthan and Madhya Pradesh. However, arrivals remained good but at the same time consistent demand is also being seen which mainly led to a rise in prices.
Click here to visit my website : https://bit.ly/1h8KZUM
Free Trial link : https://bit.ly/2u2GUhK
Any queries CALL US : 9977499927
CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY -
Visit our website : http://www.capitalstars.com/free-trial
CAPITALSTARS CALL US : 9977499927
0 comments:
Post a Comment