Dhaniya trading range for the day is 7392-7648 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Jeera
Observations
Jeera trading range for the day is 61060-63460.
Jeera prices remained under pressure 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.
The market is expecting a lower yield and quality of jeera this season
In Unjha, a major spot market, the price ended at 61633.25 Rupees dropped by -0.15 percent.
SELL JEERA SEP @ 62500 SL 63000 TGT 61800-61200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7392-7648.
Dhaniya dropped on profit booking after prices gained amid improved export and domestic demand
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 7612.3 Rupees dropped by -0.22 percent.
SELL DHANIYA AUG @ 7600 SL 7700 TGT 7500-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16170-17606.
Turmeric dropped on profit booking amid improved crop condition.
Losses in turmeric is likely to be capped by limited availability of quality produce in the market.
In May 2023 around 19,827.86 tonnes of turmeric was exported as against 19,590.87 tonnes in April 2023 showing a rise of 1.21%.
In Nizamabad, a major spot market, the price ended at 14555.25 Rupees gained by 0.08 percent.
BUY TURMERIC OCT @ 16700 SL 16400 TGT 17100-17300. NCDEX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
