Jeera August contract gained Rs 43 and settled at Rs 14170 a kg as traders covered-up their positions amid better demand at the spot market. At Unjha spot market, jeera dropped 311 rupees to end at 14,207 rupees per 100 kg. Export demand may gain pace if prices come down by another 200 rupees from current levels. The contract made intraday low of Rs 14025 a kg and high of Rs 14285 a kg. Support for jeera is at 14035 below that could see a test of 13900. Resistance is now seen at 14295 above that could see a resistance of 14420.
The Coal India Ltd (CIL) board plans to meet on 5th August to discuss the red herring prospectus draft, which is expected to be submitted by the first week of this month to the Securities and Exchange Board of India after being prepared.
yesterday we have seen that market has moved 0.13% buoyed by firm demand and low stocks at the spot market. However, increase in area under spices, capped gains. Market has opened at 14500 & made a low of 14352 versus the day high of 14500. The total volume for the day was at 1625 lots and the open interest was at 8010.Support for turmeric is at 14341 below that could see a test of 14273. Resistance is now seen at 14489 above that could see a resistance of 14569.
Chana gained Rs 12 and settled at Rs 2314 per quintal as lower-level buying supported by steady demand in the spot, but higher area under kharif pulses and rains weighed on sentiment. Demand is normal in spot at these levels but dwindles at higher prices. In Delhi spot market, chana ended almost steady at 2,258 rupees per 100 kg. The volume was noted at 45270 lots. Support for chana is at 2302 below that could see a test of 2289. Resistance is now seen at 2321 above that could see a resistance of 2327.
August contract dropped Rs 2.5 and settled at Rs 713.6 a kg as speculators indulged in profit-booking amid fall in spot market demand. Increased arrivals at the spot market from producing belt of Uttar Pradesh also influenced the trading sentiment. The contract made intraday low of Rs 710 a kg and high of Rs 717.6 a kg with the volume of 1250 and total open interest for the same contact was at 4846.Now support for the menthol is seen at 709.9 and below could see a test of 706.1. Resistance is now likely to be seen at 717.5, a move above could see prices testing 721.3.BOB Capital Markets has reiterated its BUY recommendation on Ujjivan Small Finance Bank with an unchanged target price of Rs 72, implying an upside potential of ne
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