Buy Turmeric Jun @ 13900 SL 13600 TGT 14200-14400. NCDEX - Kedia Advisory
JEERA
BUY JEERA JUN @ 21300 SL 21000 TGT 21600-21800. NCDEX
Observations
Jeera trading range for the day is 20990-22210.
Jeera settled flat due to lower buying from domestic buyers and subdued export demand.
Total arrivals in major mandis rose to 32,900 bags from 28,000 bags in the previous session, increasing supply side pressure.
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 22227.1 Rupees dropped by -0.19 percent.
DHANIYA
BUY DHANIYA JUN @ 7150 SL 7050 TGT 7250-7350. NCDEX
Observations
Dhaniya trading range for the day is 7032-7420.
Dhaniya dropped due to demand remained subdued due to ongoing cash challenges.
Total coriander arrivals declined significantly to 34,400 bags as against 40,700 bags recorded 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 7100 Rupees dropped by 0 percent.
TURMERIC
BUY TURMERIC JUN @ 13900 SL 13600 TGT 14200-14400. NCDEX
Observations
Turmeric trading range for the day is 13612-14392.
Turmeric dropped due to increased arrivals and owing to weak export enquiries.
Total arrivals rose to around 57,500 quintals, up significantly from 29,860 quintals in the previous session.
However downside seen limited as persistent concerns about low arrivals and lower production estimates.
In Nizamabad, a major spot market, the price ended at 14439.1 Rupees gained by 0.67 percent.
