Commodity Jeera prices hits 2% upper circuit on lower supply in the spot market

Jeera futures continued to trade higher tracking reports of crop damage in Northern Gujarat due to disease and on concerns on yield due to lower moisture levels. Jeera Mar contract closed the day at Rs.14705 per quintal, higher by 1.87% from its previous close.

According to our sources, a disease has affected plant and 5% damage is expected on output. Spot markets are trading higher taking positive cues from the futures market.

 Advice: Our research team Advice Sold Agri Jeera around 14,700 march Contract targets 14500, 14300 stop loss 14911.

Stock and Commodity Updates for Today

On Wednesday Morning Session, Indian Stock Market opened with the negative sign. The top Indian Benchmark Indexes are moving down with the loss around 0.75%. Currently, BSE Sensex Live at 23819.24 with the drop of 201.74 points & NSE Nifty Live at 7230.65 after dropping by 67.55 points. Auto, Banking, Real Estate and Pharma Indexes got struck down by current market condition after dropping by 1.5%. IT and MNC's Sectors are holding the market with the lead of 0.5%. In such a critical situation, few companies like Bata India, Lupin, NTPC, Gale India and LIC Housing Finance keeps big chances to give profitable returns.

In MCX Commodity Market, Gold and Silver both are moving down with the loss. In MCX, Gold April contract is trading at 28280/10 gram with the loss of 160 rupees & Silver March contract is trading at 36820/10 kilo with the loss of 424 rupees. Crude oil is moving on an average with the minor loss of 14 points with less expected movement.

Equity & Stock Future Premium Calls By Money Maker

Dear Trader today Our Research team have generated big momentum calls for intraday, so you can Watch our Advices.

ZICOM: You can Sell ZICom around 75 with 5000 to 8000 share targets 73.50 stop loss 78.

 HINDALCO: Sell HINDALCO future around 67 with in 5 to 10 lot targets 65.85 with in stop loss 67.6.