Buy Turmeric DEC @ 13200 SL 12800 TGT 13700-14000. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 43560-46700.
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 @ 44300 SL 43700 TGT 45000-45500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7718-8146.
Dhaniya gains on low level buying amid slower sowing pace in Gujarat.
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 7446.95 Rupees gained by 0.48 percent.
BUY DHANIYA NOV @ 7950 SL 7850 TGT 8050-8150. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13476-13716.
Turmeric gained due to the potential for yield losses caused by the crop's unfavourable weather.
However upside seen limited slower in expectation of release of stocks ahead of commencement of new crops in Jan’24.
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
