Buy Turmeric DEC @ 28000 SL BELOW 27700 TGT 28600. NCDEX - Kedia Advisory
JEERA
BUY JEERA NOV @ 27400 SL BELOW 27100 TGT 28000. NCDEX
Observations
Jeera trading range for the day is 27490-27820.
Jeera gained amid rising export demand and tightening global as well as domestic supplies.
Concerns over weather conditions and limited water supply due to the El Niño phenomenon are adding to the upward price pressure in jeera.
With Syrian supplies remaining minimum, demand for Indian cumin seed is higher.
In Unjha, a major spot market, the price ended at 27181.1 Rupees gained by 0.01 percent.
DHANIYA
BUY DHANIYA DEC @ 16500 SL BELOW 16300 TGT 17000. NCDEX
Observations
Dhaniya trading range for the day is 16210-17090.
Dhaniya gained on short covering after prices dropped as adequate soil moisture and cooler night temperatures across key belts.
Processing units and bulk masala manufacturers scaled back purchases, citing expensive physical quotes.
The seasonal dispatch peak seen ahead of Diwali and regional festivities has tapered off.
In Gondal, a major spot market, the price ended at 16277.95 Rupees gained by 0.45 percent.
TURMERIC
BUY TURMERIC DEC @ 28000 SL BELOW 27700 TGT 28600. NCDEX
Observations
Turmeric trading range for the day is 27990-28770.
Turmeric prices rallied due to prevailing tight pipeline supplies and lower overall acreage estimates.
Overseas inquiries from key destinations in Bangladesh, the Middle East, and Southeast Asia slowed down temporarily as buyers waited for price stability.
Physical trade sentiment across Nizamabad, Sangli, and Erode turned slightly cautious, with traders noting that physical off-take thinned out at current price quotes.
In Nizamabad, a major spot market, the price ended at 24954.1 Rupees dropped by 0.11 percent.
