Buy Jeera SEP @ 59800 SL 59200 TGT 60800-61400. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 57940-62340.
Jeera gains on increased buying as Stockists are showing interest in wake of rising festive demand.
Bleak export enquires are still a concern for exporters as demand from China has dropped in recent weeks
Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move.
In Unjha, a major spot market, the price ended at 60829.65 Rupees gained by 0.9 percent.
BUY JEERA SEP @ 59800 SL 59200 TGT 60800-61400. NCDEX
Dhaniya
Observation
Dhaniya trading range for the day is 6944-7332.
Dhaniya ended higher amid short covering on increased festive buying.
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 7258.7 Rupees dropped by -0.27 percent.
BUY DHANIYA SEP @ 7050 SL 6950 TGT 7150-7250. NCDEX
Turmeric
Observation
Turmeric trading range for the day is 14384-15752.
Turmeric gained supported by emerging festive demand .
Limited availability of quality crop and bleak production outlook for upcoming season is likely to support firmness in prices.
Gains in turmeric is likely to be limited in wake of forecast of good rainfall in September.
In Nizamabad, a major spot market, the price ended at 14142.75 Rupees dropped by -0.74 percent.
BUY TURMERIC OCT @ 15000 SL 14800 TGT 15300-15600. NCDEX
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