NCDEX Tips : Chilli, Jeera, Pepper, Turmeric, Cardamom Trend

NCDEX Market Trend Today :-

Chilli market at Guntur was closed for summer vacation & is expected to re-open only in June.

Arrivals of jeera crop were steady ~15,000 bags & the same were traded at auctions held at Unjha market. Spot rates were up & quoted around `124-`125 per kg while exchange crop was offered at `132-`133 per kg, as per local traders.

Spot rates of pepper garbled declined to `356 per kg and that of un-garbled was down at `341 per kg while arrivals declined to 38 tons & trades too were down at 40 tons at auctions held at Kochi market, as per IPSTA.

Arrivals of turmeric crop increased to 6,500- 7,000 bags at Nizamabad market, up more than 5,000 bags at mandis of Erode, but declined to 3,000 bags at sangli market.

Spot rates too were largely unchanged, across major trading centers. Average price of small cardamom declined to `526.3 per kg while maximum price offer

NCDEX Tips :-

Chilli (June) :- Trend - Down, Sell with the first target of 5600

Jeera (June) :- Trend - Up, BUY above 13,400, TGT1= 13530


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