Buy Turmeric Dec @ 14800 SL 14600 TGT 15200-15400. NCDEX - Kedia Advisory
Jeera
SELL JEERA NOV @ 20300 SL 20600 TGT 20000-19800. NCDEX
Observations
Jeera trading range for the day is 19720-20880.
Jeera prices gained on level buying amid low arrivals.
GST council lowers GST rate to 5% which will support FMCG exports & domestic demand.
The farmers still have about 20 lakh bags of cumin.
In Unjha, a major spot market, the price ended at 19990.25 Rupees dropped by -0.19 percent.
Dhaniya
SELL DHANIYA NOV @ 8250 SL 8350 TGT 8150-8050. NCDEX
Dhaniya trading range for the day is 7998-8326.
Dhaniya prices gained due to shortage of good quality stocks.
Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 8001.2 Rupees gained by 0.29 percent.
Turmeric
BUY TURMERIC DEC @ 14800 SL 14600 TGT 15200-15400. NCDEX
Observations
Turmeric trading range for the day is 14520-15660.
Turmeric gained as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
Also, due to continuous rains in Erode, disease outbreaks have started emerging in some areas.
However upside seen limited amid increase in acreage due to favourable rains during the current sowing season.
In Nizamabad, a major spot market, the price ended at 14489.35 Rupees gained by 0.71 percent.
