Buy Dhaniya Jun @ 6950 SL 6850 TGT 7050-7150. NCDEX - Kedia Advisory
Jeera
BUY JEERA JUN @ 22000 SL 21700 TGT 22300-22500. NCDEX
Observations
Jeera trading range for the day is 21460-22660.
Jeera gains as the ceasefire between India and Pakistan eased concerns of escalating warfare.
Total arrivals in major mandis rose to 32,900 bags from 28,000 bags in the previous session, increasing supply side pressure.
Traders attributed the fall mainly to the conclusion of the retail season and continued inactivity on the part of foreign buyers.
In Unjha, a major spot market, the price ended at 21966.1 Rupees dropped by -0.52 percent.
Dhaniya
BUY DHANIYA JUN @ 6950 SL 6850 TGT 7050-7150. NCDEX
Observations
Dhaniya trading range for the day is 6840-7168.
Dhaniya gained on lower level buying after prices dropped due to higher arrivals.
Total coriander arrivals declined significantly to 34,400 bags as against 40,700 bags recorded in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7128.3 Rupees gained by 0.18 percent.
Turmeric
BUY TURMERIC JUN @ 14000 SL 13800 TGT 14300-14500. NCDEX
Observations
Turmeric trading range for the day is 13646-14466.
Turmeric prices rallied as support seen after easing of tension between India and Pakistan border.
Total arrivals rose to around 57,500 quintals, up significantly from 29,860 quintals in the previous session.
However downside seen limited as persistent concerns about low arrivals and lower production estimates.
In Nizamabad, a major spot market, the price ended at 14535.7 Rupees gained by 1.39 percent.
