There
is a strong demand for Pepper Futures and hence is expected to trade
higher in the near term. The trading range for MCX Pepper for today
is 42525-43415. A support of 42770 and a resistance of 43415 is
recommended for today.
MCX
Cardomom futures declined on wednesday due to poor domestic demand.
The new crops are expected to hit market by next month August !!! In
case of MCX Jeera Futures, they are expected to trade up.
The
MCX Jeera demand has also increased due to social unrest in Syria,
competing exporter. According to analysts, rains and thundershowers
are likely to hit many places of Gujarat. The MCX Jeera range for the
day is 14890-16274. According to analysts, a support of 15351 and a
resistance of 16274 will do good.
The
Turmeric Futures are trading bullish, due to delayed rains. Due to
lack of rains i n many places of Andhra Pradesh, Turmeric trading is
down. Chili Futures Report seems like they are trading good. There is
a firm demand of Chili, and due to delayed rains their are chances of
hike in prices. Coriander Futures may rise due to daily arrivals for
the season.
The Mentha oil trading range is recommended between
1205.7-1295.5. The recommendations from analysts is for a support of
1234.1 and a resistance of 1279. In Intraday trading session, Mentha
Oil is expected to trade higher due to hish domestic demand in
market.