Buy Turmeric DEC @ 28200 SL BELOW 27800 TGT 28800. NCDEX - Kedia Advisory
JEERA
BUY JEERA NOV @ 28300 SL BELOW 28000 TGT 29000. NCDEX
Observations
Jeera trading range for the day is 26730-29570.
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 @ 16400 SL BELOW 16100 TGT 16800. NCDEX
Observations
Dhaniya trading range for the day is 16200-16910.
Dhaniya settled flat paring gains 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 @ 28200 SL BELOW 27800 TGT 28800. NCDEX
Observations
Turmeric trading range for the day is 27910-28700.
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.
