Buy Dhaniya OCT @ 7100 SL 7000 TGT 7200-7300. NCDEX - Kedia Advisory
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Jeera
Observation
Jeera trading range for the day is 58530-61630.
Jeera prices rose 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 60427.1 Rupees gained by 0.35 percent.
SELL JEERA OCT @ 60500 SL 61000 TGT 60000-59500. NCDEX
Dhaniya
Observation
Dhaniya trading range for the day is 6994-7230.
Dhaniya dropped on profit booking after prices gain amid on increased festive buying.
The lower price levels and higher stocks have significantly boosted coriander exports in May 2023.
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 7236 Rupees dropped by -0.08 percent.
BUY DHANIYA OCT @ 7100 SL 7000 TGT 7200-7300. NCDEX
Turmeric
Observation
Turmeric trading range for the day is 14108-16136.
Turmeric dropped on profit booking as sluggish export demand is still a major concern for Indian traders.
Supplies are down whereas production prospects are also looking bleak
The upcoming week is expected to bring normal to above-normal rainfall to Maharashtra and Telangana
In Nizamabad, a major spot market, the price ended at 13719.35 Rupees gained by 0.73 percent.
SELL TURMERIC OCT @ 15300 SL 15600 TGT 14800-14500. NCDEX
