Buy Dhaniya OCT @ 6700 SL 6600 TGT 6800-6900. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 57580-60040.
Jeera dropped amid profit booking after prices gained due to shrinking supplies in the local market.
Increased festive demand and limited availability of quality crops in the market is prompting miller to buy
However, sluggish export demand is still a major concern for Indian traders
In Unjha, a major spot market, the price ended at 59828.7 Rupees dropped by -0.14 percent.
BUY JEERA OCT @ 58500 SL 58000 TGT 59200-59800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6630-6930.
Dhaniya dropped as huge stocks with farmers and stockists weighed on prices.
However, downside seen limited amid increased festive buying along with robust export demand.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations
In Gondal, a major spot market, the price ended at 7104.75 Rupees dropped by -0.01 percent.
BUY DHANIYA OCT @ 6700 SL 6600 TGT 6800-6900. NCDEX
Turmeric
Turmeric trading range for the day is 12488-13944.
Turmeric rose on low level buying after prices dropped driven by improved production outlook.
Market participants offloaded their positions in anticipation of rise in supplies in coming months
Demand has been subdued at prevailing levels as most of the produce are coming in the market are inferior quality.
In Nizamabad, a major spot market, the price ended at 13327.1 Rupees dropped by -0.08 percent.
BUY DHANIYA OCT @ 6700 SL 6600 TGT 6800-6900. NCDEX
