Buy Dhaniya OCT @ 8250 SL 8150 TGT 8350-8450. NCDEX - Kedia Advisory
JEERA
BUY JEERA OCT @ 19400 SL 19200 TGT 19700-19900. NCDEX
Observations
Jeera trading range for the day is 19420-19840.
Jeera dropped due to weak domestic and export demand post retail season.
Pressure also seen due to comfortable supplies and tepid export interest amid adequate existing stocks.
However downside seen limited after GST council lowers GST rate to 5% which will support FMCG exports & domestic demand.
In Unjha, a major spot market, the price ended at 19739.3 Rupees dropped by -0.45 percent.
DHANIYA
BUY DHANIYA OCT @ 8250 SL 8150 TGT 8350-8450. NCDEX
Observations
Dhaniya trading range for the day is 8118-8410.
Dhaniya prices gained due to shortage of good quality stocks in the market.
Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags 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 7918.9 Rupees gained by 0.01 percent.
TURMERIC
BUY TURMERIC OCT @ 12500 SL 12300 TGT 12800-13000. NCDEX
Observations
Turmeric trading range for the day is 11748-13240.
Turmeric prices rose as recent rainfall has caused damage to standing turmeric crops.
Heavy rains damage 15% of turmeric crops in Nanded.
Turmeric stocks held by farmers in Warangal are nearly depleted.
In Nizamabad, a major spot market, the price ended at 13152 Rupees dropped by -0.89 percent.
