Buy Turmeric DEC @ 15200 SL 15000 TGT 15500-15700. NCDEX - Kedia Advisory
Jeera
BUY JEERA NOV @ 19600 SL 19300 TGT 19900-20100. NCDEX
Observations
Jeera trading range for the day is 19590-19970.
Jeera dropped due to weak export demand post retail season.
Pressure also seen due to comfortable supplies and tepid export interest amid adequate existing stocks.
Traders attributed the fall mainly to the conclusion of the retail season and continued inactivity on the part of foreign buyers.
In Unjha, a major spot market, the price ended at 19932.05 Rupees dropped by -0.32 percent.
Dhaniya
BUY DHANIYA NOV @ 8200 SL 8100 TGT 8300-8400. NCDEX
Observations
Dhaniya trading range for the day is 8172-8320.
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 8123.2 Rupees dropped by -0.48 percent.
Turmeric
BUY TURMERIC DEC @ 15200 SL 15000 TGT 15500-15700. NCDEX
Observations
Turmeric trading range for the day is 14974-15890.
Turmeric gains as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
Due to continuous rains in Erode, disease outbreaks have started emerging in some areas.
Recent heavy rainfall in Nanded has adversely affected the region's turmeric cultivation, damaging approximately 15% of the crop area.
In Nizamabad, a major spot market, the price ended at 15156.25 Rupees gained by 2.61 percent.
