Buy Jeera Aug @ 27500 SL 27200 TGT 28000-28300. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 27460-28160.
Jeera gains amid robust domestic and export demand besides tight global supplies.
China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 27985.7 Rupees gained by 0.16 percent.
BUY JEERA AUG @ 27500 SL 27200 TGT 28000-28300. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7136-7404.
Dhaniya gains on short covering after prices dropped due to good arrivals in major markets
Daily arrival of 40000 bags witnessed in Ramganj mandi and around 20000 to 30000 bags coming in Kota.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 7324.2 Rupees gained by 0.19 percent.
BUY DHANIYA AUG @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15154-15746.
Turmeric gains on short covering as farmers are holding back stocks in anticipation of a further rise.
Turmeric sowing on the Erode line is reported to be double as compared to last year.
Turmeric was sown in about 3/3.25 lakh hectares in the country last year, which is estimated to increase to 3.75/4 lakh hectares this year.
In Nizamabad, a major spot market, the price ended at 16494.9 Rupees gained by 0.22 percent.
BUY TURMERIC AUG @ 15200 SL 14800 TGT 15600-15800. NCDEX
