Buy Jeera Sep @ 19200 SL 18900 TGT 19500-19700. NCDEX - Kedia Advisory
Jeera
BUY JEERA SEP @ 19200 SL 18900 TGT 19500-19700. NCDEX
Observations
Jeera trading range for the day is 19260-19860.
Jeera prices dropped due to weak domestic and export demand
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 19955.5 Rupees gained by 0.22 percent.
Dhaniya
BUY DHANIYA SEP @ 8050 SL 7950 TGT 8150-8250. NCDEX
Observations
Dhaniya trading range for the day is 8000-8144.
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 7948.25 Rupees dropped by -0.13 percent.
Turmeric
BUY TURMERIC OCT @ 13100 SL 12900 TGT 13400-13600. NCDEX
Observations
Turmeric trading range for the day is 13048-13504.
Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.
However upside seen limited as turmeric stocks held by farmers in Warangal are nearly depleted.
Market participants are closely monitoring weather patterns and crop conditions.
In Nizamabad, a major spot market, the price ended at 13710.95 Rupees dropped by -0.14 percent.
