Buy Jeera DEC @ 45500 SL 45000 TGT 46300-46800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 43910-47410.
Jeera gained 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 46158.2 Rupees gained by 0.61 percent.
BUY JEERA DEC @ 45500 SL 45000 TGT 46300-46800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7932-8184.
Dhaniya gained amid improved export and reports of slower sowing.
However, upside seen limited amid huge stocks with farmers and stockists.
Support also seen increased festive buying along with robust export demand.
In Gondal, a major spot market, the price ended at 8140.15 Rupees dropped by -0.11 percent
BUY DHANIYA DEC @ 8000 SL 7900 TGT 8100-8200. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 11672-13012.
Turmeric settled flat 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 13326.65 Rupees dropped by -0.08 percent.
BUY TURMERIC DEC @ 12200 SL 12000 TGT 12500-12800. NCDEX
