Daily Agri Report by Money Maker Research Pvt. Ltd

indore, February 9, 2016 (Newswire.com) - ​Turmeric prices declined from
higher levels on profit booking.

Turmeric futures traded down during yesterday’s session in
line with our view. It opened with gap up but later on 1 st
trading session turmeric prices declined due to profit booking
at higher levels, futures traded on a lower note due to sluggish
demand and slow buying. Turmeric May contract closed the
day at Rs.8764 per quintal, with marginal gains of 1.29% from
its previous close. We continue sell on high recommended for
the today’s trading session.

Jeera prices gains on short covering

Jeera April futures at NCDEX platform in last trading session
opened on a positive note and it traded upside for most part of
the day. Later on afternoon session jeera prices hit 2% upper
circuit on short covering. Jeera April contract closed the day at
Rs.13925 per quintal, with marginal gains of 2.24% from its
previous close. Buy on dips recommended for the today’s
trading session.

BUY JEERA APR ABOVE 14000 AND MAINTAIN STOP LOSS BELOW
13800. WE CAN SEE THE TARGETS AROUND 14150/14300

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