Buy Dhaniya DEC @ 8000 SL 7900 TGT 8100-8200. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 44500-47660.
Jeera gained on low level buying after prices dropped 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 46723.7 Rupees gained by 0.24 percent.
BUY JEERA DEC @ 45000 SL 44500 TGT 45800-46400. NCDEX
Dhaniya
Observations
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 8159.35 Rupees dropped by -0.08 percent.
BUY DHANIYA DEC @ 8000 SL 7900 TGT 8100-8200. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 11688-13164.
Turmeric dropped after PM Modi's Turmeric Board in Telangana sparks farmer concerns in Maharashtra over HQ location.
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 13337.15 Rupees gained by 0.16 percent.
