Moneycontrol
Feb 15, 2017 11:49 AM IST | Source: Moneycontrol.com

Expect Jeera futures to trade down on anticipation: Angel

According to Angel Commodities, expect Jeera futures to trade down on anticipation supply pressure from new season crop.



Angel Commodities report on Jeera


Jeera futures for Mar delivery closed higher on Tuesday on technical buying. The spot prices continue to trade lower as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat.


Outlook


We expect Jeera futures to trade down on anticipation supply pressure from new season crop. However, reports of lower production and good export demand may support prices.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Sections
Follow us on
Available On