Buy Turmeric DEC @ 13500 SL 13200 TGT 13900-14200. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 42290-46450.
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 46228.4 Rupees gained by 1.42 percent.
BUY JEERA NOV @ 44400 SL 43800 TGT 45200-45800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7332-7636.
Dhaniya prices dropped amid huge stocks with farmers and stockists
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 7450.1 Rupees gained by 0.23 percent
BUY DHANIYA NOV @ 7400 SL 7300 TGT 7500-7600. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13470-14082.
Turmeric dropped due to the potential for yield losses caused by the crop's unfavourable weather.
However, downside seen limited amid improved crop condition due to favorable weather condition.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13653.45 Rupees gained by 0.24 percent
BUY TURMERIC DEC @ 13500 SL 13200 TGT 13900-14200. NCDEX
