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05-10-2023 10:41 AM | Source: Kedia Advisory
Buy Jeera OCT @ 57800 SL 57300 TGT 58400-58800. NCDEX - Kedia Advisory

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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

Observations

Dhaniya trading range for the day is 6734-6926.

Dhaniya gained on low level buying after 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 7083.1 Rupees gained by 0.33 percent. 

BUY DHANIYA OCT @ 6800 SL 6700 TGT 6900-7000. NCDEX


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 


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