BUY TURMERIC DEC @ 13400 SL 13100 TGT 13750-13950. NCDEX - Kedia Advisory
JEERA
Observations
Jeera trading range for the day is 24230-26270.
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 25168.2 Rupees dropped by -0.17 percent.
BUY JEERA DEC @ 25000 SL 24700 TGT 25400-25600. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7150-7886.
Dhaniya dropped on profit booking after prices gained as festival season demand surges.
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 7479.4 Rupees dropped by -0.1 percent.
BUY DHANIYA DEC @ 7350 SL 7250 TGT 7450-7550. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 13034-13970.
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 13650.25 Rupees gained by 0.35 percent.
BUY TURMERIC DEC @ 13400 SL 13100 TGT 13750-13950. NCDEX
