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 40700-46100.
Jeera dropped as adequate soil moisture, and favorable weather condition for crop will boost the overall sowing activities.
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 44750.7 Rupees gained by 1 percent.
BUY JEERA NOV @ 42500 SL 42000 TGT 43200-43800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7164-7488.
Dhaniya gained on short covering after 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 7334.25 Rupees gained by 0.4 percent.
BUY DHANIYA NOV @ 7350 SL 7250 TGT 7450-7550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13216-14540.
Turmeric gains due to the potential for yield losses caused by the crop's anticipated unfavourable October weather.
However, upside 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 13597.95 Rupees gained by 1.01 percent.
BUY TURMERIC DEC @ 13800 SL 13500 TGT 14200-14400. NCDEX
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