Buy Dhaniya Sep @ 8000 SL 7900 TGT 8100-8200. NCDEX - Kedia Advisory
Jeera
BUY JEERA SEP @ 19500 SL 19200 TGT 19800-20000. NCDEX
Observations
Jeera trading range for the day is 19160-20120.
Jeera gains on short covering after prices dropped due to weak domestic and export demand
Only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags
Total arrivals witnessed a marginal increase to 12,000 bags (55 kg each) as against 11,800 bags on the previous day.
In Unjha, a major spot market, the price ended at 19785.2 Rupees dropped by -0.31 percent.
Dhaniya
BUY DHANIYA SEP @ 8000 SL 7900 TGT 8100-8200. NCDEX
Observations
Dhaniya trading range for the day is 7824-8156.
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 7979.7 Rupees gained by 0.55 percent.
Turmeric
BUY TURMERIC OCT @ 13300 SL 13100 TGT 13500-13700. NCDEX
Observations
Turmeric trading range for the day is 13106-13782.
Turmeric gained as turmeric stocks held by farmers in Warangal are nearly depleted.
Market participants are closely monitoring weather patterns and crop conditions.
However upside seen limited amid increase in acreage due to favourable rains during the current sowing season.
In Nizamabad, a major spot market, the price ended at 13730.65 Rupees gained by 0.18 percent.
