Buy Turmeric DEC @ 13200 SL 12800 TGT 13600-13700. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 24460-25540.
Jeera 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 25282.85 Rupees dropped by -0.34 percent.
BUY JEERA DEC @ 24800 SL 24400 TGT 25200-25500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7094-7334.
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 7316.9 Rupees dropped by 0 percent.
BUY DHANIYA DEC @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12944-13592.
Turmeric 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 13685.35 Rupees gained by 0.71 percent.
BUY TURMERIC DEC @ 13200 SL 12800 TGT 13600-13700. NCDEX
