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NCDEX Jeera Trend Today :- Jeera prices are projected to trade on slightly lower note during early trading hours on continued profit booking. However, later on prices might turn positive on back of good export demand for Indian jeera. Stable demand from bulk buyers along with concerns of poor crop amid lesser soil moisture following the insufficient rains might also support prices.
Jeera NCDEX Sep-12 support- 16417 16544 16734 Resistance - 17152 17338 17467.
NCDEX Turmeric Trend :- Turmeric prices are expected to trade on positive note during on cues from prevailing bullish fundamentals. Poor sowing acreage along with good demand is likely to keep prices firm in near term. According to trade sources, goof export orders are expected from Pakistan for root variety which might also support the rise in prices. Total daily arrivals at spot market of Erode were reported around 7350 bags on Monday (1 bag: 70Kg.); of which 80% was sold.
Turmeric NCDEX Sep-12 support - 6243 6298 6443 resistance - 6689 6765 6861.
NCDEX Tips For Today :- Jeera (Sept) Sell target- 16800 16500 1for stop loss of 7235.
Mcx Tips For Today :-Buy Crude Only Above 5075 target 5150 to 5175 with stop loss of 5025.
Buy Zinc ( Positional ) @ 102 to 102.3 CMP 102.3 target 105 to 107 stop loss 101.
MCX Trend For Today :- we expect Bullion(gold silver) metals to trade sideways to up due to positive global market sentiments along with weakness in the DX. In the domestic markets appreciation in the Indian rupee might cap sharp gains.
MCX Gold Oct’12 Support- 29820/29700 resistance – 30000/30080.
MCX Silver Sep’12 Support - 53100/52800 resistance – 53600/53900.
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