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For investors, the ultimate support price is Rs. 3360. “Spot and futures should wait for more correction in price to get the target of Rs. 6300-7800 for the year of 2013.” Hardik Jani concluded.

20 Sep 2012

AHMADABAD (Commodity Online): Coriander seed(Dhaniya) on India's NCDEX for October contract has slipped by 2.54% to Rs.4175 per 100 kg on Thursday at 11.35 am.

“Profit booking, and good rain fall in spices producing states like Rajasthan, Madhya Pradesh, Gujarat and Maharashtra directly caused for the fall in the futures” says Hardik Jani, agri-analyst at Commodity Online.

“The availability of stocks is sufficient as far as demand is concerned. This is the fundamental reason behind the fall in prices.” he added.

For investors, the ultimate support price is Rs. 3360. “Spot and futures should wait for more correction in price to get the target of Rs. 6300-7800 for the year of 2013.” Hardik Jani concluded.


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