Last Updated :
22 July 2011 at 16:25 IST
'Castor Seed catch bull's eye, can touch 5250 levels'
AHMEDABAD (Commodity Online): Castor seed has hit the upper circuit in the noon session Friday and the trend is expected to continue, given the strong demand existing in the mandis.
Castor seed NCDEX near month contract was seen trading at Rs.5110.50, a high; it touched a low of Rs.4920.
“The outlook is bullish. Near month contract may hit Rs.5250 in two weeks.” said Fayaz Hudani, agri analyst with Kotak Commodities.
“Around 60,000-70,000 bags used to arrive in Gujarat in the past weeks which came down to 49,000-50,000 bags Thursday.” said an NCDEX official.
“The monsoons may not be good, but castor seed being an arid-area crop can withstand the ill-effects.”, official concluded.
MCX SILVER MINI 999 31 August 2012
contract was trading at
Rs 57069 , up Rs. 339 . What's your view on it?
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