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News On RM Seed

ByCommodityOnline
Published 05/22/2012, 11:05 AM
Updated 05/14/2017, 06:45 AM

RM Seed trading range for the day is 3651-3877. Market is looking to take support at 3693.7, a break below could see a test of 3651.3 and resistance is likely to be seen at 3806.7, a move above could see prices testing 3877.3. In yesterday's trading session RM Seed touched a low of 3722 after opening at 3821, and finally settled at 3736.

RM Seed yesterday traded with the negative node and settled -- 1.86% down at 3736 due to subdued millers demand at current levels along with weak arrivals in major mandies.

NCDEX RM Seed June contract settled down on account of weak arrivals in the market and is expected to gain up to Rs.3900 in the next couple of days.

RM Seed prices have moved down in the last trading session. June futures traded lower at Rs.3736 down by 1.86%. The arrivals for entire Rajasthan were about 75,000 bags higher against previous levels at 70,000 bags.

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