Saturday 28 February 2015

JEERA LIKELY TRADE A DOWNSIDE | RM SEED TRADE ON CONSOLIDATE


Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips , RM Seed Tips
Jeera futures (Mar)is likely to trade in the range of 14200-14800 levels with a downside bias. In Gujarat, peak arrival of jeera is expected in 1st week of April against normal time of 3rd week in March due to late sowing. The old crops stored in the warehouses are also arriving in spot market but prices of new crop are higher compared to old crop.
Rape Mustard Seed futures (Apr) will possibly consolidate in the range of 3320-3410 levels. The factors that can put the counter under stress are that the demand from crushers is absent due to disparity & more over the supply of new mustard seed has already started. The arrivals of new crop and large stock of mustard oil with the crushers have bearish sentiment to the counter.
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