Buy Jeera Jun @ 21200 SL 20900 TGT 21500-21800. NCDEX - Kedia Advisory
Jeera
BUY JEERA JUN @ 21200 SL 20900 TGT 21500-21800. NCDEX
Observations
Jeera trading range for the day is 20800-21660.
Jeera prices fall amid geopolitical tensions and weak demand
Total arrivals in major mandis rose to 32,900 bags from 28,000 bags in the previous session, increasing supply side pressure.
Traders attributed the fall mainly to the conclusion of the retail season and continued inactivity on the part of foreign buyers.
In Unjha, a major spot market, the price ended at 21966.1 Rupees dropped by -0.52 percent.
Dhaniya
BUY DHANIYA JUN @ 6900 SL 6800 TGT 7000-7100. NCDEX
Observations
Dhaniya trading range for the day is 6642-7314.
Dhaniya dropped due to demand remained subdued due to ongoing cash challenges.
Total coriander arrivals declined significantly to 34,400 bags as against 40,700 bags recorded in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7100 Rupees dropped by 0 percent.
Turmeric
BUY TURMERIC JUN @ 13400 SL 13100 TGT 13700-13900. NCDEX
Observations
Turmeric trading range for the day is 12896-14196.
Turmeric dropped due to increased arrivals and owing to weak export enquiries.
Total arrivals rose to around 57,500 quintals, up significantly from 29,860 quintals in the previous session.
However downside seen limited as persistent concerns about low arrivals and lower production estimates.
In Nizamabad, a major spot market, the price ended at 14336.55 Rupees dropped by -0.71 percent.
