BUY JEERA DEC @ 36500 SL 36000 TGT 37200-37600. NCDEX - Kedia Advisory
JEERA
Observations
Jeera trading range for the day is 35320-40340.
Jeera prices dropped as there has been a two and a half times increase in the sowing in Gujarat this year.
An increase in sowing of about 13 percent has been recorded in the area of cumin in Rajasthan.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 39900.2 Rupees dropped by -1.8 percent
BUY JEERA DEC @ 36500 SL 36000 TGT 37200-37600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7068-7612.
Dhaniya gains amid improved export and reports of slower sowing.
Support also seen increased festive buying along with robust export demand.
In Gujarat, Coriander sowing drastic fall nearly -64% with 56,737.00 hectares against sown area of 2022
In Gondal, a major spot market, the price ended at 7804.85 Rupees gained by 0.24 percent.
BUY DHANIYA DEC @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12414-12882.
Turmeric dropped as buying activities has been slower in expectation of release of stocks
In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13266.25 Rupees dropped by -0.28 percent.
BUY TURMERIC DEC @ 12500 SL 12200 TGT 12800-13000. NCDEX
