Last Updated : 25 February 2013 at 12:15 IST
NCDEX Coriander bullish till Commodity breaks 6400 level
Source :Commodity Online Research Desk
“Coriander is trading down due to reports of thin demand in major spot markets owing to high moisture content in new crop. Sharp rise in arrivals in major spot markets may also lead to a fall in coriander prices,” said Suresh Kothari Research Analyst at Commodity Online.
China Purchasing Managers’ Index (PMI) for May has retreated into territory of contr...
Johnson Matthey noted in its Platinum 2013 review that there was surge in buying from jewe.. 
Mark Thoma is a macroeconomist and time-series econometrician at the University of Oregon... 
- Commodity
- |
- Advise
- |
- Entry
- |
- Agency
- Natural Gas
- 232.50
- DANI
- Commodity
- |
- Contract
- |
- Trend
- |
- Pivot Point
- Rubber
- June
- Sideways to Bullish
- 17183
- Cardamom
- June
- Sideways to Bearish
- 748
- Turmeric
- June
- Sideways
- 6048
- Soy Bean
- June
- Bullish
- 3866
- Refined Soy Oil
- June
- Bullish
- 703
- Base metals, Crude Oil may trade lower on weak China PMI data; Gold, Silver to be positive
- Spot gold prices increased by 1.58 percent on the back of weak Dollar Index. Further, weak stock markets increased the demand for precious metal as protection of wealth.
- read more
The USDA forecasts 2013/14 Canada rapeseed production at 14.5 million tons, up 9 percent from las..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
JAIPUR (Commodity Online): Coriander (Dhaniya) futures for April delivery on India's National Commodity and Derivatives Exchange (NCDEX) is bullish till the commodity breaks and sustains below 6400 level.
“Over all trend is looks bullish till the commodity breaks and sustains below 6400 level. Resistance is there at 6900 level and traders are advised to buy on dip,” said Milan Shah, Research Analyst at Commodity Online.
NCDEX coriander for April delivery was down by 2.22 percent at Rs.6655 per 100 kg as of 11.29 PM IST on Monday. This down-trend looks temporary.
Fall in bulk demand is putting pressure on coriander futures, however, long term trend is positive amid lower production estimates for current year.
“Coriander is trading down due to reports of thin demand in major spot markets owing to high moisture content in new crop. Sharp rise in arrivals in major spot markets may also lead to a fall in coriander prices,” said Suresh Kothari Research Analyst at Commodity Online.
Fresh crop harvesting has been started in major growing regions of Rajasthan but recent crop damage is expected to support coriander futures.
Daily arrivals in all the major markets (Kota, Ramganj, and Baran) have declined to 2000-4000 bags.
