Buy Jeera OCT @ 19400 SL 19200 TGT 19650-19800. NCDEX - Kedia Advisory
Jeera
BUY JEERA OCT @ 19400 SL 19200 TGT 19650-19800. NCDEX
Observations
Jeera trading range for the day is 19310-19770.
Jeera 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 19550.5 Rupees dropped by -0.19 percent.
Dhaniya
BUY DHANIYA OCT @ 8250 SL 8150 TGT 8350-8450. NCDEX
Observations
Dhaniya trading range for the day is 8204-8424.
Dhaniya 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 7911.05 Rupees gained by 0.01 percent.
Turmeric
BUY TURMERIC OCT @ 12000 SL 11750 TGT 12250-12400. NCDEX
Observations
Turmeric trading range for the day is 11974-12230.
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 12916.3 Rupees dropped by -0.38 percent.
