MUMBAI (Commoditiescontrol)- Sluggish arrivals in the major markets have resulted in spurt in prices during last week.
Arrivals were low as farmers were concentrating on wheat harvest. Export demand is likely to pick up, which may keep the prices on the higher side. There are reports of reduction in crop from Russia and Bulgaria, which may aid Indian market.
NCDEX Coriander---June-2019
Last week range 7290 and 7646 and closed the week at 7582
Resistance is seen at around 7650 and above to signal further upward bias with targets of 8000-8100 levels
Support-7330-7210 and unlikely to drift further
(By Commoditiescontrol Bureau)
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