Buy Naturaloil DEC @ 13200 SL 12800 TGT 13700-14000. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 42360-44700.
Jeera gained on short covering after prices dropped as adequate soil moisture, and favorable weather condition for crop will boost sowing.
The upcoming sowing of jeera that is expected to remain normal due to favorable weather condition.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 45429.75 Rupees gained by 0.04 percent.
BUY JEERA DEC @ 42500 SL 41800 TGT 43400-44000. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7430-7666.
Dhaniya prices dropped amid huge stocks with farmers and stockists
Dhaniya exports during Apr-Aug 2023, rose by 261.69 percent at 67,120.65 tonnes as compared to Apr-Aug 2022.
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 7377.85 Rupees dropped by -0.79 percent
BUY DHANIYA NOV @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13112-13748.
Turmeric gained due to the potential for yield losses caused by the crop's unfavourable weather.
However, upside seen limited amid improved crop condition due to favorable weather condition.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13445.65 Rupees dropped by -0.7 percent.
BUY TURMERIC DEC @ 13200 SL 12800 TGT 13700-14000. NCDEX
