Buy Jeera DEC @ 41800 SL 41200 TGT 42600-43200. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 41010-43590.
Jeera prices dropped as adequate soil moisture, and favorable weather condition for crop will boost sowing.
The upcoming sowing of jeera that is expected to remain normal due to favorable weather condition.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 45429.75 Rupees gained by 0.04 percent
BUY JEERA DEC @ 41800 SL 41200 TGT 42600-43200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7742-8518.
Dhaniya gains amid slower sowing pace in Gujarat.
Improved export and reports of slower sowing will support firmness in dhaniya prices ahead.
Support also seen increased festive buying along with robust export demand. In Gondal, a major spot market, the price ended at 7446.95 Rupees gained by 0.48 percent.
BUY DHANIYA DEC @ 8100 SL 8000 TGT 8200-8300. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13180-13972.
Turmeric settled flat in expectation of release of stocks ahead of commencement of new crops
However downside seen limited due to the potential for yield losses caused by the crop's unfavourable weather.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13445.65 Rupees dropped by -0.7 percent.
BUY TURMERIC DEC @ 13300 SL 13000 TGT 13600-13800. NCDEX