Buy Turmeric DEC @ 12200 SL 12000 TGT 12500-12800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 43550-47410.
Jeera prices dropped as favorable condition for crop will boost the overall sowing activities.
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 46233.05 Rupees dropped by -0.34 percent.
BUY JEERA DEC @ 44500 SL 44000 TGT 45300-45800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7600-8228.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited amid improved export and reports of slower sowing.
Support also seen increased festive buying along with robust export demand.
In Gondal, a major spot market, the price ended at 8138.35 Rupees gained by 0.26 percent.
SELL DHANIYA DEC @ 7900 SL 8000 TGT 7800-7700. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 11908-12840.
Turmeric gains on low level buying and the potential for yield losses
In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13344.05 Rupees gained by 0.13 percent.
BUY TURMERIC DEC @ 12200 SL 12000 TGT 12500-12800. NCDEX
