Sell Jeera Sep @ 55700 SL 56100 TGT 55200-54800. NCDEX - Kedia Advisory
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JEERA
Jeera trading range for the day is 54060-57500.
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 57625.5 Rupees dropped by -0.69 percent.
SELL JEERA SEP @ 55700 SL 56100 TGT 55200-54800. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 6802-7462.
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 7438.3 Rupees gained by 0.04 percent.
SELL DHANIYA SEP @ 7150 SL 7250 TGT 7050-6950. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 14306-16998.
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 14302.6 Rupees dropped by -2.25 percent.
SELL TURMERIC OCT @ 15400 SL 15700 TGT 15000-14700. NCDEX
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