Feb 16, 2017 12:25 PM IST | Source: Moneycontrol.com
Expect Jeera futures to trade sideways to higher: Angel
According to Angel Commodities, Jeera futures may trade sideways to higher on reports of lower production and good export demand.
Angel Commodities' report on Jeera
Jeera futures for Mar delivery closed higher on Wednesday tracking good demand in the physical market. The spot prices gain yesterday as demand for new season jeera improved. New jeera crop started arriving in the key spot market of Unjha in Gujarat.
We expect Jeera futures may trade sideways to higher on reports of lower production and good export demand. However, anticipation supplies pressure from new season crop may limit the gains.
For all commodities report, 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.