Buy Dhaniya Dec @ 7350 SL 7250 TGT 7450-7550. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 24310-25790.
Jeera gains on short covering after prices dropped as arrival has increased.
There is a possibility of 25 percent reduction in cumin sowing in Gujarat.
Carryover stock of 20 lakh bags of cumin is estimated in the new season.
In Unjha, a major spot market, the price ended at 25025.05 Rupees gained by 0.34 percent.
BUY JEERA DEC @ 24800 SL 24500 TGT 25300-25600. NCDE
Dhaniya
Observations
Dhaniya trading range for the day is 7300-7500.
Dhaniya dropped on profit booking after prices gained as India’s festival season demand is expected tosurge.
Sowing has been delayed due to excessive soil moisture, limiting future supply.
Lower carryover stocks at production centers further tighten the market.
In Gondal, a major spot market, the price ended at 7376.2 Rupees dropped by 0 percent.
BUY DHANIYA DEC @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
urmeric trading range for the day is 12834-13526.
Turmeric prices dropped due to lower demand amid a rise in arrivals.
Pressure also seen as the expected acreage for the upcoming season is estimated to be 30-35% higher thanlast year.
Recent weather conditions, which include dry weather followed by light rains, are benefiting crop growth.
In Nizamabad, a major spot market, the price ended at 13681.8 Rupees gained by 1.82 percent.
BUY TURMERIC DEC @ 13000 SL 12700 TGT 13300-13500. NCDEX
