Spices complex trades mix

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Jeera and Turmeric futures trading at NCDEX continues to trade higher on recovery in demand. Jeera and Turmeric prices are expected to trade higher till Rs.16400 per quintal and Rs.6800 per quintal respectively. However, immediate resistance for the commodities are Rs.17100 per quintal and Rs.7300 per quintal.

Cardamom futures trading at MCX continues to trade higher after positive breakout from tight range between Rs.1170 per kg to Rs.1105 per kg. prices are expected to trade similar in next week.

Dhaniya future prices are trading positive after having a gap down opening. Prices are still trading bearish when its compare to previous closing rate. Prices likely to trade lower till Rs.7300 per quintal by next weekend. Prices may rest higher near Rs.8000 per quintal while immediate support can seen around Rs.7400 per quintal.

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