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Jeera

Observations

Jeera trading range for the day is 43490-46330.

Jeera settled flat as favorable condition for crop will boost the overall sowing activities.

The upcoming sowing of jeera that is expected to remain normal due to favorable weather condition.

Stockists are showing interest in buying on recent downfall in prices triggering short covering.

In Unjha, a major spot market, the price ended at 45981.75 Rupees gained by 0.01 percent.

BUY JEERA DEC @ 44500 SL 44000 TGT 45300-45800. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7664-8016.

Dhaniya dropped amid huge stocks with farmers and stockists.

However, downside seen limited amid improved export and reports of slower sowing.

Support also seen increased festive buying along with robust export demand.

In Gondal, a major spot market, the price ended at 8003.8 Rupees dropped by -0.53 percent.

BUY DHANIYA DEC @ 7800 SL 7700 TGT 7900-8000. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 12236-13236.

Turmeric gains on low level buying and the potential for yield losses

In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.

Expectations for a 20–25 percent decline in turmeric seeding this year

In Nizamabad, a major spot market, the price ended at 13401.2 Rupees gained by 0.43 percent.

BUY TURMERIC DEC @ 12600 SL 12300 TGT 13000-13200. NCDEX