Buy Turmeric OCT @ 14800 SL 14500 TGT 15200-15400. NCDEX - Kedia Advisory
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JEERA
OBSERVATION
Jeera trading range for the day is 53110-55830.
Jeera gained on short covering after 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 , a major spot market, the price ended at Rupees dropped by percent.
BUY JEERA SEP @ 54400 SL 53800 TGT 55000-55400. NCDEX
DHANIYA
OBSERVATION
Dhaniya trading range for the day is 6962-7154.
Dhaniya gained on short covering after 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 , a major spot market, the price ended at Rupees dropped by percent.
BUY DHANIYA SEP @ 7000 SL 6900 TGT 7100-7200. NCDEX
TURMERIC
OBSERVATION
Turmeric trading range for the day is 14082-15786.
Turmeric prices gained amid limited availability of quality produce in the market.
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 , a major spot market, the price ended at Rupees dropped by percent.
BUY TURMERIC OCT @ 14800 SL 14500 TGT 15200-15400. NCDEX
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