BUY JEERA NOV @ 19200 SL 19000 TGT 19500-19700. NCDEX Kedia Advisory
Jeera
BUY JEERA NOV @ 19200 SL 19000 TGT 19500-19700. NCDEX
Observations
Jeera trading range for the day is 19260-19440.
Jeera prices gained on level buying amid low arrivals.
GST council lowers GST rate to 5% which will support FMCG exports & domestic demand.
The farmers still have about 20 lakh bags of cumin.
In Unjha, a major spot market, the price ended at 18796.35 Rupees dropped by -0.68 percent.
Dhaniya
BUY DHANIYA NOV @ 8000 SL 7900 TGT 8100-8200. NCDEX
Observations
Dhaniya trading range for the day is 7836-8160.
Dhaniya dropped on profit booking after prices gained due to shortage of good quality stocks.
Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags 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 7842.3 Rupees dropped by -1.57 percent.
Turmeric
BUY TURMERIC DEC @ 15200 SL 15000 TGT 15450-15650. NCDEX
Observations
Turmeric trading range for the day is 15046-15646.
Turmeric gains as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
Also, due to continuous rains in Erode, disease outbreaks have started emerging in some areas.
Recent heavy rainfall in Nanded has adversely affected the cultivation, damaging approximately 15% of the
crop area.
In Nizamabad, a major spot market, the price ended at 13895.65 Rupees gained by 0.08 percent.
