Buy DHANIYA Dec @ 7600 SL 7500 TGT 7700-7800. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 24790-25150.
Jeera gains on short covering after prices dropped s 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 24935.7 Rupees dropped by -0.04 percent.
BUY JEERA DEC @ 24800 SL 24500 TGT 25200-25600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7548-7796.
Dhaniya dropped on profit booking after prices gained as festival season demand surges.
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 7779.45 Rupees dropped by 0 percent.
BUY DHANIYA DEC @ 7600 SL 7500 TGT 7700-7800. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13238-13654.
Turmeric prices dropped due to lower demand amid a rise in arrivals.
The expected acreage for the upcoming season is estimated to be 30-35% higher than last 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 14074.4 Rupees dropped by -0.6 percent.
BUY TURMERIC DEC @ 13200 SL 12900 TGT 13500-13800. NCDEX
