Buy Dhaniya OCT @ 6750 SL 6650 TGT 6850-6950. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 55930-60810.
Jeera dropped on 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 59581.3 Rupees dropped by -0.41 percent.
BUY JEERA OCT @ 57200 SL 56600 TGT 57800-58200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6710-6898.
Dhaniya prices dropped amid huge stocks with farmers and stockists
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 7054.25 Rupees dropped by -0.35 percent.
BUY DHANIYA OCT @ 6750 SL 6650 TGT 6850-6950. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13208-14548.
Turmeric 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 13770.7 Rupees gained by 3.33 percent.
BUY TURMERIC OCT @ 13800 SL 13500 TGT 14200-14400. NCDEX
