Buy Jeera NOV @ 59000 SL 58500 TGT 59800-60300. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 58340-60920.
Jeera dropped on profit booking after prices gained due to shrinking supplies
Increased festive demand and limited availability of quality crops in the market is prompting miller to buy
However, sluggish export demand is still a major concern for Indian traders
In Unjha, a major spot market, the price ended at 59505.75 Rupees dropped by -0.63 percent.
BUY JEERA NOV @ 59000 SL 58500 TGT 59800-60300. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7034-7210.
Dhaniya prices dropped amid huge stocks with farmers and stockists
However, downside seen limited amid increased festive buying along with robust export demand.
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 7161.75 Rupees gained by 0.2 percent.
BUY DHANIYA OCT @ 7050 SL 6950 TGT 7150-7250. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 14730-16846.
Turmeric prices rose due to expected October weather yield losses
According to IMD, October is projected to be drier than average, which will have an impact on crop growth.
Support is also evident for improved export opportunities.
In Nizamabad, a major spot market, the price ended at 14058.6 Rupees gained by 1.3 percent.
BUY TURMERIC DEC @ 15200 SL 14800 TGT 15700-16000. NCDEX
