Buy Turmeric Dec @ 13800 SL 13500 TGT 14250-14400. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 24900-25740.
Jeera gains on short covering after 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 25267.95 Rupees gained by 0.17 percent.
BUY JEERA DEC @ 25000 SL 24700 TGT 25400-25600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7384-8000.
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 7515.65 Rupees gained by 0.25 percent.
BUY DHANIYA DEC @ 7700 SL 7600 TGT 7800-7900. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13678-14798.
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 13802.55 Rupees gained by 1.12 percent.
BUY TURMERIC DEC @ 13800 SL 13500 TGT 14250-14400. NCDEX
