If we watched Today commodity NCDEX agree product trend we find turmeric doing business on Rs 6150 on
uptrend with +2%chang, red chili
also in uptrend today Rs5580 with +2% change. On the other hand soybean is decreased
with 2 to 2.5 % down trend for November-December. Spot rates of Menthe oil MCX were up by 25-30 per kg
across major trading centers while Futures too were up, but major gains were
capped by selling pressure across the entire commodities segment. NCDEX
Chili August contract traded
in the morning session at Rs.5564 per quintal, up by 1.79% and open interest of
the same stood at 7535 lots. Guar seed arrivals increased to 86 quintals, while the average of the
closing spot rates increased to 14,583.3 per quintal, as per agriculture marketing
board of Rajasthan. Arrivals of jeera crop increased to about 12,000-13,000 bags while
trades declined below 10,000 bags at auction held at Unjha market. Spot rates eased
slightly & were quoted around `152-`154 per kg, as per local trades.
NCDEX Agro Call for Today
SELL MENTHAOIL JULY BELOW 1328
TARGETS 1325, 1322, 1318 STOP LOSS 1334
BUY JEERA AUG ABOVE 16010
TARGETS 16040, 16070, 16110 STOP LOSS 15950
BUY PEPPER AUG ABOVE 43570
TARGETS 43630, 43690, 43760 STOP LOSS 43450
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