Buy Jeera SEP @ 56300 SL 55800 TGT 57000-57500. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 55590-57970.
Jeera prices dropped in wake of improved global supply condition.
Cheaper availability of Syria and jeera in global market will lead to fall in export demand from India in coming days.
However, downside seen limited as supply is limited due to the rainy environment.
In Unjha, a major spot market, the price ended at 58585.8 Rupees dropped by -0.06 percent.
BUY JEERA SEP @ 56300 SL 55800 TGT 57000-57500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7156-7452.
Dhaniya prices dropped due to subdued buying and adequate stocks will millers
The lower price levels and higher stocks have significantly boosted coriander exports in May 2023.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.
In Gondal, a major spot market, the price ended at 7467.7 Rupees gained by 0.39 percent.
BUY DHANIYA SEP @ 7250 SL 7150 TGT 7350-7450. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15768-16548.
Turmeric dropped on profit booking amid subdued domestic demand at prevailing levels.
India exported only 18.3 thousand tonnes in June’23 as compared to 18.5 thousand tonnes of previous year.
Domestic demand remained subdued as most of the arrivals arrived are inferior quality that will keep profit booking intact in turmeric.
In Nizamabad, a major spot market, the price ended at 14585.35 Rupees gained by 0.54 percent.
BUY TURMERIC OCT @ 16000 SL 15800 TGT 16300-16500. NCDEX
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