Wednesday, March 16, 2016

EPIC RESEARCH NCDEX JEERA UPDATE OF 16 MARCH 2016


Jeera trading range for the day is 14425-15155.
Jeera prices ended with losses due to profit booking on lack of export demand at the spot market.
However downside seen limited on reports of damage to crop in some regions of Gujarat and Rajasthan.
Moreover, the production in Syria and Turkey, is projected to be 15% lower due to the geo-political tensions
In Unjha, a key spot market in Gujarat, jeera edged down by -97.75 rupees to end at 15025 rupee per 100 kg.


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