Turmeric prices declined due to lower export demand
At NCDEX, turmeric futures are expected to remain on a range bound. Poor exports demand might support the negative movement in turmeric prices. Turmeric January futures traded on a negative tone and trade settled the previous day at Rs. 10124 per quintal down by 1.02%. against previous day. We recommend sell on high for the today’s trading session.
NCDEX Jeera prices edges higher on export demand
Moderate bounce back was noted for Jeera as some recovery was seen after the previous fall. But Demand for jeera looked weak in the spot market even though the exports of jeera are steady. NCDEX Jeera January futures prices declined up to RS. 15930 per quintal and trade ended the day at Rs. 16040 per quintal which is approx 0.64% up against previous day. We recommend buy above near resistance of RS. 16200 per quintal for the today’s trading session.
Chana traded range bound at NCDEX platform
During yesterday’s trading session NCDEX Chana January opened slightly negative. At the end of the day it closed slightly downside. NCDEX Chana January futures ended the day at Rs. 4890 per quintal which was approx 0.24% down against previous day. We recommend sell on high for the today’s trading session.
NCDEX Tips Today
Sell NCDEX Chana Jan. below 4880 and maintain stop loss above 4930, For Intraday Trading Targets are 4830 and 4780.
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