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NCDEX Trend Today
Pepper futures are seen mixed as tight supply supported prices but weakness in export demand kept the prices under pressure. The demand for Indian variety from overseas countries stood on lower side due to higher price in the international market compared with other origins. Not much buying interest is seen in jeera futures because of high carryover stocks in the market. Also, prospects of rise in crop output have improved due to recent rains in Gujarat and Rajasthan. Turmeric augmented due to steady demand along with poor arrivals in local mandies. Likely fall in output and the prospect of revival in export demand are also seen supporting the prices. Cardamom futures are expected to trade in red as major spot markets are currently reporting high arrivals due to sufficient carry over stocks. Moreover, weak domestic demand is adding support to the current negative trend.
NCDEX Tips
SELL KAPAS ON PULLBACKS
SELL GUR ON PULLBACKS
SELL MENTHAOIL ON PULLBACKS
