Agri Commodity Dhaniya Trade Down range due to Low demand in Physical Market

Dhaniya prices are expected to trade in a range due to thin trading activities at spot market amid lack of availability of smaller denomination notes. However, likely decline in acreage in the current rabi season may limit fall in prices.

As per market source, farmers in Rajasthan have shifted to other commodities such as chana and garlic from dhaniya. Strong demand for the spice from stockists may also weigh the price trend. Dhaniya trade ended the day at Rs. 7371 per quin which is approx 1.02% down against its previous close.

NCDEX Agri Dhaniya Trading at around 7250 for December future contract. Day trader can @ Buy NCDEX Dhaniya at range of 7250 to 7275 targets 7375 Stop loss 7199.

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