Buy Jeera NOV @ 49500 SL 49000 TGT 50300-50800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 47050-51790.
Jeera dropped due to profit booking amid subdued demand due to sluggish export demand.
However, downside seen limited amid limited availability of quality crop.
Export is likely to remain down in upcoming months as per the export seasonality.
In Unjha, a major spot market, the price ended at 51609.75 Rupees dropped by -0.4 percent.
BUY JEERA NOV @ 49500 SL 49000 TGT 50300-50800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6874-7110.
Dhaniya prices settled flat as huge stocks with farmers and stockists
Dhaniya exports during Apr-Aug 2023, rose by 261.69 percent at 67,120.65 tonnes as compared to Apr-Aug 2022.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.
In Gondal, a major spot market, the price ended at 7129.45 Rupees gained by 0.3 percent.
BUY DHANIYA NOV @ 6950 SL 6850 TGT 7050-7150. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12482-13954.
Turmeric gains due to the potential for yield losses caused by the crop's anticipated unfavourable October weather.
However upside seen limited amid improved crop condition due to favorable weather condition.
Support is also evident for improved export opportunities.
In Nizamabad, a major spot market, the price ended at 13524.1 Rupees dropped by -0.32 percent.
BUY TURMERIC DEC @ 13000 SL 12700 TGT 13400-12600. NCDEX
