Buy Dhaniya Sep @ 8000 SL 7900 TGT 8100-8200. NCDEX - Kedia Advisory
Jeera
BUY JEERA SEP @ 19300 SL 19000 TGT 19600-19800. NCDEX
Observations
Jeera trading range for the day is 19100-19680.
Jeera gained as support seen after GST council lowers GST rate to 5% which will support FMCG exports & domestic demand.
However upside seen limited due to weak domestic and export demand post retail season.
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
In Unjha, a major spot market, the price ended at 19618.95 Rupees gained by 0.3 percent.
Dhaniya
BUY DHANIYA SEP @ 8000 SL 7900 TGT 8100-8200. NCDEX
Observations
Dhaniya trading range for the day is 7470-8366.
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 7928.1 Rupees gained by 0.91 percent.
Turmeric
BUY TURMERIC OCT @ 12300 SL 12100 TGT 12600-12800. NCDEX
Observations
Turmeric trading range for the day is 12192-12676.
Turmeric gains as recent rainfall has caused damage to standing turmeric crops in major growing regions.
IMD forecast of normal to below-normal rainfall in September in some parts of South India has raised concerns for turmeric growers.
Turmeric stocks held by farmers in Warangal are nearly depleted.
In Nizamabad, a major spot market, the price ended at 13355.3 Rupees dropped by 0 percent.
