Buy Jeera Nov @ 24200 SL 23800 TGT 24600-24900. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 23820-24760.
Jeera prices dropped as arrival has increased and around 15,000 to 16,000 bags are coming daily in Unjha.
There is a possibility of 25 percent reduction in cumin sowing in Gujarat
Carryover stock of 20 lakh bags of cumin is estimated in the new season
In Unjha, a major spot market, the price ended at 24992.9 Rupees dropped by -0.31 percent.
BUY JEERA NOV @ 24200 SL 23800 TGT 24600-24900. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7068-7352.
Dhaniya dropped on profit booking after prices gained as India’s festival season demand is expected to surge
Sowing has been delayed due to excessive soil moisture, limiting future supply.
Lower carryover stocks at production centers further tighten the market.
In Gondal, a major spot market, the price ended at 7398.5 Rupees dropped by -0.01 percent.
.BUY DHANIYA NOV @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12956-13296.
Turmeric dropped due to lower demand amid a rise in arrivals.
Pressure also seen as the expected acreage for the upcoming season is estimated to be 30-35% higher than last year
India’s festival season demand is expected to surge, particularly with CAIT forecasting 48 lakh marriages in the upcoming season.
In Nizamabad, a major spot market, the price ended at 13775 Rupees dropped by -0.97 percent.
BUY TURMERIC DEC @ 13000 SL 12700 TGT 13300-13500. NCDEX
