Buy Jeera Sep @ 19000 SL 18700 TGT 19300-19500. NCDEX - Kedia Advisory
Jeera
BUY JEERA SEP @ 19000 SL 18700 TGT 19300-19500. NCDEX
Observations
Jeera trading range for the day is 19030-19190.
Jeera gains on short covering after prices dropped due to weak domestic post retail season.
Only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags
Total arrivals witnessed a marginal increase to 12,000 bags (55 kg each) as against 11,800 bags on the previous day.
In Unjha, a major spot market, the price ended at 19126.25 Rupees dropped by -1.54 percent.
Dhaniya
SELL DHANIYA SEP @ 7900 SL 8000 TGT 7800-7700. NCDEX
Observations
Dhaniya trading range for the day is 7758-7994.
Dhaniya dropped as subdued demand alongside increased arrivals, creating pressure on prices.
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 7739.85 Rupees dropped by -0.01 percent.
Turmaric
BUY TURMERIC OCT @ 13400 SL 13200 TGT 13600-13800. NCDEX
Observations
Turmeric trading range for the day is 12682-13922.
Turmeric gains as turmeric stocks held by farmers in Warangal are nearly depleted.
No fresh arrivals over the past two day, also support prices. Market participants are closely monitoring weather patterns and crop conditions.
In Nizamabad, a major spot market, the price ended at 13778.05 Rupees dropped by -0.31 percent.
