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 24530-26030.
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 25406.05 Rupees dropped by -0.25 percent.
BUY JEERA DEC @ 25100 SL 24800 TGT 25400-25600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7208-7468.
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 7407.55 Rupees gained by 0.46 percent.
BUY DHANIYA DEC @ 7300 SL 7200 TGT 7400-7500. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13018-13294.
Turmeric gains on short covering after prices dropped due to lower demand amid a rise in arrivals.
The expected acreage for the upcoming season is estimated to be 30-35% higher than last year.
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 13553.1 Rupees dropped by -0.94 percent.
BUY TURMERIC DEC @ 13000 SL 12700 TGT 13300-13500. NCDEX
