Last Updated :
February 10, 2012 14:05
Guarseed up on tight supply, Sell NCDEX guar seed below 12000
Guarseed prices settled up by 1.96 percent at Rs.12370 due to 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.
SELL NCDEX GUARSEED (FEB) BELOW 12000 SL 12700 TGT 11000
R1 12700 R2 13000 S1 11000 S2 10500.
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NCDEX STEELLONGJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
