Buy Turmeric Oct @ 13200 SL 12800 TGT 13600-13800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 26390-27190.
Jeera gains amid robust domestic and export demand besides tight global supplies.
However upside seen limited as the expectation of higher production weighed on the prices. cent.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 26504.95 Rupees gained by 0.31 percent.
BUY JEERA OCT @ 26600 SL 26300 TGT 26900-27200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7186-7366.
Dhaniya gains on low level buying after prices dropped amid good arrivals in major markets.
Dhaniya exports during Apr-July 2024, dropped by 69.65 percent at 16,962.47 tonnes as compared to Apr-July 2023.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 7337 Rupees dropped by -0.05 percent.
BUY DHANIYA OCT @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12966-14022.
Turmeric dropped due to lower demand amid a rise in arrivals.
However downside seen limited amid reports of crop damage due to heavy rains in Nanded and Hingoli areas
Turmeric sowing on the Erode line is reported to be double as compared to last year
In Nizamabad, a major spot market, the price ended at 14294.95 Rupees gained by 1.24 percent.
BUY TURMERIC OCT @ 13200 SL 12800 TGT 13600-13800. NCDEX
