WEEKLY Coriander: Prices May Continue To Remain Firm On Demand

MUMBAI (Commoditiescontrol) - During the week, Ramgunjmandi, kota and baran markets received around 82,500 bags of coriander.

Similarly, the price witnessed a slight increase of INR 100 per quintal on account of prevailing demand for new crop.

At present, the price of Baadami variety is ranging between INR 53-56 per kg levels. And the price of Eagle variety, INR 55-60 per levels. The prevailing price levels are the highest since beginning 2019.

Technical-NCDEX Coriander April-19

Coriander last week was traded in the region of INR 6403 and 6625, finally settled the week around INR 6566

Coriander overall up trend is intact

Support is seen in the region of INR 6375 and INR 6240

Once again to retest INR 6700 and above could extend till 6766-6820, above 6800 on weekly closing will signal further bullishness

Buy on dips preferred

(By Commoditiescontrol Bureau)