Buy Jeera NOV @ 53200 SL 52700 TGT 53900-54400. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 55020-58780.
Jeera dropped due to profit booking amid demand due to sluggish export demand.
Global demand of Indian jeera slumped as most of buyers preferred other destinations like Syria and Turkey
Export is likely to remain down in upcoming months as per the export seasonality.
In Unjha, a major spot market, the price ended at 56871.65 Rupees dropped by -1.5 percent.
BUY JEERA NOV @ 53200 SL 52700 TGT 53900-54400. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6902-7206.
Dhaniya gains on low level buying after prices dropped 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 7104.65 Rupees dropped by -0.22 percent
BUY DHANIYA NOV @ 7000 SL 6900 TGT 7100-7200. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13680-14620.
Turmeric dropped due to profit booking amid improved crop condition due to favorable weather condition.
However downside seen limited due to the potential for yield losses caused by the crop's anticipated unfavourable October weather.
Support is also evident for improved export opportunities.
In Nizamabad, a major spot market, the price ended at 13679.15 Rupees dropped by -0.05 percent.
BUY TURMERIC DEC @ 13400 SL 13100 TGT 13800-14200. NCDEX
