9/10/2012 03:43:00 PM
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NCDEX Jeera: Jeera To Congregate Some Buying At Lower Levels. This year India has exported almost 33500 tonnes of jeera. The NCDEX futures are likely to witness some buying around Rs 13850-13900 per quintal with the upside target of Rs 14400-14500 per quintal in the near term.
Rubber: Rubber futures climbed further for the fourth day on weak arrivals in the local markets. Technically, this agri commodity is likely to find resistance at Rs 17760, Rs 17850 and support at Rs 17400, Rs 17200 per quintal.
MCX Cardamom : Indian Cardamom futures slipped for the third straight day on profit taking amid strong arrivals in the local markets. MCX Cardamom for the September delivery slipped 3% or Rs 23 to the low of Rs 837 per 1 kg and is likely to find support at Rs 830-827.50 and resistance at Rs 863 per 1 kg.
Palm Oil: Malaysia Palm Oil Production Slumps 1.70% In August 2012. The end-August palm oil stocks spurted by 5.80% to 21.20 million tonnes while August palm oil exports were up 10% to 1.43 million tonnes.
Oil Seeds: The NCDEX RSO is likely to trade with high volatility on the back of mixed global cues and technical selling. Its support is seen near Rs 770, Rs 767.50 while resistance at Rs 782, Rs 785 per 10 kg.
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