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Expect Jeera futures to trade sideways: Angel Commodities – Moneycontrol.com

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Angel Commodities’ report on Jeera

Jeera Jun futures recover on Friday but closed lower by more than 2% last week due to muted physical demand. As per Exchange circular, there will be additional margin of 5% on both sides from Monday, 29, May 2017, in additional to existing additional margin.

Outlook

We expect Jeera futures to trade sideways and move in range on anticipation of lower demand from the physical market players. The export demand is not improving either.

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