Buy Turmeric Jun @ 17700 SL 17400 TGT 18200-18600. NCDEX - Kedia Advisory
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JEERA
Observation
Jeera trading range for the day is 26260-28860.
Jeera prices gained as arrival pace has started slowed down
Global buyers preferred Indian jeera with tightening global supplies.
New arrivals have started in Gujarat since last 20-25 days and new arrivals have started in Rajasthan also since last 15 days.
In Unjha, a major spot market, the price ended at 29427.7 Rupees gained by 0.4 percent.
SELL JEERA JUN @ 27250 SL 27600 TGT 26750-26400. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7138-7566.
Dhaniya gains on short covering after prices dropped due to good arrivals in major markets
Daily arrival of 40000 bags witnessed in Ramganj mandi and around 20000 to 30000 bags coming in Kota.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 7466.45 Rupees gained by 0.13 percent.
BUY DHANIYA JUN @ 7350 SL 7250 TGT 7450-7550. NCDEX
TURMERIC
Observation
Turmeric trading range for the day is 17400-18624.
Turmeric prices dropped amid profit booking and as increase in supplies at the end of harvesting season.
However, downside seen limited as farmers are holding back stocks in anticipation of a further rise.
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In Nizamabad, a major spot market, the price ended at 17422.85 Rupees dropped by -0.04 percent.
BUY TURMERIC JUN @ 17700 SL 17400 TGT 18200-18600. NCDEX
