Buy Jeera DEC @ 45000 SL 44500 TGT 45800-46400. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 43790-46510.
Jeera gains on low level buying 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 46293.15 Rupees gained by 2.18 percent.
BUY JEERA DEC @ 45000 SL 44500 TGT 45800-46400. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7972-8292
Dhaniya gains amid improved export and reports of slower sowing.
Support also seen increased festive buying along with robust export demand.
However, upside seen limited amid huge stocks with farmers and stockists
In Gondal, a major spot market, the price ended at 8141.3 Rupees gained by 0.19 percent.
BUY DHANIYA DEC @ 8100 SL 8000 TGT 8200-8300. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12112-12992.
Turmeric dropped after PM Modi's Turmeric Board in Telangana sparks farmer concerns in Maharashtra over HQ location.
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 13315.3 Rupees dropped by -0.64 percent.
BUY TURMERIC DEC @ 12200 SL 12000 TGT 12500-12800. NCDEX
