Buy Jeera Jun @ 21600 SL 21300 TGT 21900-22200. NCDEX - Kedia Advisory
Jeera
BUY JEERA JUN @ 21600 SL 21300 TGT 21900-22200. NCDEX
Observations
Jeera trading range for the day is 20520-22440.
Jeera prices declined due to lower buying from domestic buyers and subdued export 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 22075.95 Rupees dropped by -0.44 percent.
Dhaniya
BUY DHANIYA JUN @ 7300 SL 7200 TGT 7400-7500. NCDEX
Observations
Dhaniya trading range for the day is 7226-7510.
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 7235.4 Rupees gained by 0.41 percent.
Turmeric
BUY TURMERIC JUN @ 13900 SL 13600 TGT 14200-14400. NCDEX
Observations
Turmeric trading range for the day is 13690-14226.
Turmeric gains amid as persistent concerns about arrivals and lower production estimates.
Support also seen amid concerns over slow growth of rhizomes and low yield estimates persist.
New crop yields are expected to be 10-15% lower this year, with the Nanded region particularly affected
In Nizamabad, a major spot market, the price ended at 14342.85 Rupees gained by 0.31 percent.
