JEERA
SELL JEERA AUG BELOW 19800 TARGET 19750-19700-19600 WITH SL 19960
Jeera on NCDEX settled up 0.96% at 20025 on lower stocks position following tight supplies from the producing regions. Reports showed that the jeera arrival in June is lower this year compared to May as well as June last year. As per the data release by government, jeera exports in April 2017 was 14,599 tonnes, were down 9% from March. In 2016/17, country exports increase by 26% to 1.24 lt in as per the data release by Dept. of commerce, GOI.
The stock levels in the NCDEX warehouse increased to 1,313 tonnes as on July 10 from 1,187 tonnes on Jun 30. Last year, stocks were higher at 3,482 tonnes. Sources estimate India’s jeera crop output will be around 2.5 lakh tonnes, lower than the 3.75 to 5 lakh-tonne estimated.
GOLD
Gold trading range for the day is 27645-28249. Gold prices edged up on Monday as the U.S. dollar fell to multi-month lows after the prospect for further interest rate hikes in the United States this year dimmed following softer U.S. economic data last week.
Technically market is under short covering as market has witnessed drop in open interest by -3.97% to settled at 6465 while prices up 159 rupees, now Gold is getting support at 27821 and below same could see a test of 27645 level, And resistance is now likely to be seen at 28123, a move above could see prices testing 28249.
More Profit Miss Call This No 7879881122 And Earn Money In Commodity Market to click here https://www.marketmagnify.com
JEERA
SELL JEERA AUG BELOW 19800 TARGET 19750-19700-19600 WITH SL 19960
Jeera on NCDEX settled up 0.96% at 20025 on lower stocks position following tight supplies from the producing regions. Reports showed that the jeera arrival in June is lower this year compared to May as well as June last year. As per the data release by government, jeera exports in April 2017 was 14,599 tonnes, were down 9% from March. In 2016/17, country exports increase by 26% to 1.24 lt in as per the data release by Dept. of commerce, GOI.
The stock levels in the NCDEX warehouse increased to 1,313 tonnes as on July 10 from 1,187 tonnes on Jun 30. Last year, stocks were higher at 3,482 tonnes. Sources estimate India’s jeera crop output will be around 2.5 lakh tonnes, lower than the 3.75 to 5 lakh-tonne estimated.
GOLD
Gold trading range for the day is 27645-28249. Gold prices edged up on Monday as the U.S. dollar fell to multi-month lows after the prospect for further interest rate hikes in the United States this year dimmed following softer U.S. economic data last week.
Technically market is under short covering as market has witnessed drop in open interest by -3.97% to settled at 6465 while prices up 159 rupees, now Gold is getting support at 27821 and below same could see a test of 27645 level, And resistance is now likely to be seen at 28123, a move above could see prices testing 28249.
More Profit Miss Call This No 7879881122 And Earn Money In Commodity Market to click here https://www.marketmagnify.com
More Profit Miss Call This No 7879881122 And Earn Money In Commodity Market to click here https://www.marketmagnify.com
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