Buy Jeera Nov @ 25000 SL 24600 TGT 25500-25800. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 25060-25560.
Jeera settled flat as it is estimated that 30 percent of cumin is still available with the farmers.
Tensions in the Middle East has resulted in good export business from Gujarat.
The arrival of Ramzan earlier this year will increase domestic consumption.
In Unjha, a major spot market, the price ended at 25536.7 Rupees dropped by -0.29 percent.
BUY JEERA NOV @ 25000 SL 24600 TGT 25500-25800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7376-7544.
Dhaniya dropped on profit booking after prices gained as India’s festival season demand is expected tosurge.
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 7429.45 Rupees gained by 0.4 percent.
BUY DHANIYA NOV @ 7400 SL 7300 TGT 7500-7600. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13326-14066.
Turmeric prices dropped due to lower demand amid a rise in arrivals.
Turmeric exports during Apr-Aug 2024, dropped by 6.46 percent at 77,584.70 tonnes compared to Apr-Aug2023.
India’s festival season demand is expected to surge, particularly with CAIT forecasting 48 lakh marriages inthe upcoming season.
In Nizamabad, a major spot market, the price ended at 14015.1 Rupees gained by 0.03 percent.
BUY TURMERIC DEC @ 13600 SL 13300 TGT 14000-14300. NCDEX
