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Thursday, 29 December 2011

jeera updates


Today Jeera spot market opened Rs.100-150 upside with arrival of 5000-7000 bags.

NCDEX quality cost 15200-15500.

Upward pressure on prices due to reports of crop damage and fresh arrival will come late in mandi.

Local traders and headger are the mainly buyers for jeera in the spot market and they gave some support the prices.

As per market source some exports inquiry and stockiest buying support the prices.

Previous week spot and future both market closed 5 -7 % upside. Arrivals were same 2000-2500bags and average 3000bags traded in market.

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sell gold @ 56860 sl 57100 target 56600/56400/56500