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Buy Turmeric Dec @ 13000 SL 12700 TGT 13300-13500. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 23120-25880.
Jeera gains on short covering after prices dropped as arrival has increased.
There is a possibility of 25 percent reduction in cumin sowing in Gujarat Carryover stock of 20 lakh bags of cumin is estimated in the new season
In Unjha, a major spot market, the price ended at 24605.7 Rupees gained by 0.41 percent.
BUY JEERA NOV @ 24500 SL 24200 TGT 24900-25200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7106-7286.
Dhaniya dropped on profit booking after prices gained as India’s festival season demand is expected to surge.
Sowing has been delayed due to excessive soil moisture, limiting future supply. Lower carryover stocks at production centers further tighten the market.
In Gondal, a major spot market, the price ended at 7378.35 Rupees gained by 0.69 percent
BUY DHANIYA NOV @ 7150 SL 7050 TGT 7250-7350. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12462-13778.
Turmeric gains amid reports of crop damage due to heavy rains.
However upside seen limited due to lower demand amid a rise in arrivals.
Recent weather conditions, which include dry weather followed by light rains, are benefiting crop growth.
In Nizamabad, a major spot market, the price ended at 13437.05 Rupees dropped by -0.73 percent
BUY TURMERIC DEC @ 13000 SL 12700 TGT 13300-13500. NCDEX
