Buy Jeera OCT @ 57800 SL 57300 TGT 58400-58800. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 56560-59360.
Jeera prices gained due to shrinking supplies in the local market.
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 59100.75 Rupees gained by 0.1 percent.
BUY JEERA OCT @ 57800 SL 57300 TGT 58400-58800. NCDEX
Dhaniya
Turmeric
Observations
Turmeric trading range for the day is 13428-14840.
Turmeric gains due to the potential for yield losses caused by the crop's anticipated unfavourable October weather.
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 13734.25 Rupees dropped by -0.26 percent.
BUY TURMERIC OCT @ 13800 SL 13500 TGT 14300-14500. NCDEX