Last Updated :
February 23, 2012 12:10
Buy NCDEX March guar seed above at Rs.15000:Edelweiss
Guarseed prices settled down by 0.43 percent at Rs.15432 due to profit booking despite tight supply and strong export demand of guargum in the spot market.
However Bullish trend is likely to continue at every lower price level because of strong export and tight supply in the spot market.
Moreover, traders estimated that the total export demand of guargum demand in the current year is likely at 6 lakh tonnes against the average annual demand of 2.5-3 lakh tonnes which might create the strong demand of guarseed in the spot market.
BUY NCDEX GUARSEED (MARCH) ABOVE 15000 SL 14600 TGT 17000
R1 15500 R2 16000 S1 14400 S2 14000.
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NCDEX GARSEDJDRJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
