Buy Turmeric Oct @ 13200 SL 12800 TGT 13700-14000.NCDEX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
JEERA
Observation
Jeera trading range for the day is 25250-26030.
Jeera gains amid robust domestic and export demand besides tight global supplies.
China's cumin output soared to over 55-60 thousand tons from the previous 28-30 thousand tons.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 25517.8 Rupees dropped by -0.01 percent.
BUY JEERA SEP @ 25400 SL 25100 TGT 25800-26100.NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 6864-7088.
Dhaniya 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 6902.5 Rupees gained by 0.01 percent.
BUY DHANIYA SEP @ 6900 SL 6800 TGT 7000-7100.NCDEX
TURMERIC
Observation
Turmeric trading range for the day is 12650-14126.
Turmeric settled flat recovering from lows as farmers are holding back stocks
Support also seen at lower levels amid tighter supplies in the market and emerging buying from stockists.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 14113.35 Rupees dropped by -1.46 percent.
BUY TURMERIC OCT @ 13200 SL 12800 TGT 13700-14000.NCDEX
