Buy Jeera DEC @ 42500 SL 42000 TGT 43200-43700. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 40700-44140.
Jeera gains on short covering after prices dropped as favorable condition for crop will boost the overall sowing activities.
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 @ 42500 SL 42000 TGT 43200-43700. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 8020-8280.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited amid improved export and reports of slower sowing.
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 13142-13626.
Turmeric dropped 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 13551.95 Rupees gained by 0.79 percent.
BUY TURMERIC DEC @ 13300 SL 13000 TGT 13600-13800. NCDEX
