Dhaniya trading range for the day is 6754-7078 - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 58550-63550.
Jeera prices have surged attributed to a decrease in local market supplies.
The increased demand for jeera during festivals has piqued the interest of stockists
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 60237.65 Rupees gained by 0.27 percent.
BUY JEERA SEP @ 61000 SL 60500 TGT 61600-62000. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 6754-7078.
Dhaniya dropped on profit booking after prices gained 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 @ 6900 SL 6800 TGT 7000-7100. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 14220-15332.
Turmeric dropped due to profit booking amid to favorable crop conditions.
Export enquires has been subdued at prevailing levels that will also put pressure on prices.
However, the turmeric supply remains limited.
In Nizamabad, a major spot market, the price ended at 14045.2 Rupees gained by 0.49 percent.
SELL TURMERIC OCT @ 15000 SL 15300 TGT 14600-14400. NCDEX
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