Buy Turmeric Dec @ 13800 SL 13500 TGT 14200-14400. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 25870-26530.
Jeera settled flat amid robust domestic and export demand besides tight global supplies.
However upside seen limited as the expectation of higher production weighed on the prices. cent.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 26485.5 Rupees dropped by -0.1 percent.
BUY JEERA NOV @ 26000 SL 25700 TGT 26300-26500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7360-7572.
Dhaniya prices dropped amid good arrivals in major markets.
Dhaniya exports during Apr-July 2024, dropped by 69.65 percent at 16,962.47 tonnes as compared to Apr-July 2023.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 7326.15 Rupees dropped by -0.16 percent.
BUY DHANIYA NOV @ 7400 SL 7300 TGT 7500-7600. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13650-14466.
Turmeric gains amid reports of crop damage due to heavy rains in Nanded and Hingoli areas
However upside seen limited due to lower demand amid a rise in arrivals.
Turmeric sowing on the Erode line is reported to be double as compared to last year
In Nizamabad, a major spot market, the price ended at 14154 Rupees dropped by -0.99 percent.
BUY TURMERIC DEC @ 13800 SL 13500 TGT 14200-14400. NCDEX
