Commodity Outlook for Jeera by KediaCommodity

JeeraJeera jumped on  improved domestic demand and potential exports demand in coming weeks yesterday we h

Commodity Outlook for Turmeric by KediaCommodity

TurmericTurmeric once again jumped almost by 4.63% on the anticipation of rising export and domestic

Commodity Outlook for Chana by KediaCommodity

ChanaChana traded in the range but closed weakby Rs 16 and settled at Rs 2419 per quintal suffering some profit booking after witnessing lower level buying in last couple of days. There are higher production estimates for pulses and higher sowing area expected for chana that is putting pressure on the prices. In Delhi the total arrivals of chana were around 35 motors against 70 motors reported. In Delhi spot market, chana jump up by 21.6 rupee to end at 2393.7 rupee per 100 kgs. The volume was noted at 64230 lots. Support for chana is at 2408 below that could see a test of 2397. Resistance is now seen at 2434 above that could see a resistance of 2449.

Trading Ideas:

Commodity Outlook for Soyabean by KediaCommodity

SoyabeanSoyabean yesterday moved as per expectation and dipped by -1.25% tracking the weakness in

Commodity Outlook for Mentha Oil by KediaCommodity

Mentha OilMentha oil November contract gained Rs 12.8 on strong fundametals and some fresh buying and made market to settled at Rs 1221.3 a kg on the back of waning arrivals in major mandies against strong export demand. Major mandies of Uttar Pradesh such as Sambhal and Chandausi have witnessed the daily average arrivals of around 600 drums. The contract made intraday low of Rs 1215.2 a kg and high of Rs 1249.9 a kg with the volume of 7687 and total open interest for the same contact was at 6923.Now support for the menthol is seen at 1207.7 and below could see a test of 1194.1. Resistance is now likely to be seen at 1242.4, a move above could see prices testing 1263.5.

Commodity Outlook for Pepper by KediaCommodity

PepperPepper yesterday gained by Rs 258 and settled at Rs 21893/quintal as  the reports of lower stocks

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