Buy Jeera OCT @ 19300 SL 19100 TGT 19500-19700. NCDEX - Kedia Advisory
JEERA
BUY JEERA OCT @ 19300 SL 19100 TGT 19500-19700. NCDEX
Observations
Jeera trading range for the day is 19120-19640.
Jeera gains on low level buying after prices dropped due to weak domestic and export demand post retail season.
Pressure also seen due to comfortable supplies and tepid export interest amid adequate existing stocks.
However downside seen limited after GST council lowers GST rate to 5% which will support FMCG exports & domestic demand.
In Unjha, a major spot market, the price ended at 19463.45 Rupees dropped by -0.16 percent.
DHANIYA
BUY DHANIYA OCT @ 8050 SL 7950 TGT 8150-8250. NCDEX
Observations
Dhaniya trading range for the day is 8034-8190.
Dhaniya dropped on profit booking after prices gained due to shortage of good quality stocks in the market.
Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7857.65 Rupees gained by 0.01 percent.
TURMERIC
BUY TURMERIC OCT @ 12200 SL 12000 TGT 12400-12600. NCDEX
Observations
Turmeric trading range for the day is 11968-12820.
Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.
While downside capped as recent rainfall has caused damage to standing turmeric crops in major growing regions.
Recent heavy rainfall in Nanded has adversely affected the region's turmeric cultivation, damaging approximately 15% of the crop area.
In Nizamabad, a major spot market, the price ended at 13154 Rupees dropped by -0.39 percent.
