Buy Turmeric OCT @ 13200 SL 12900 TGT 13500-13700. NCDEX - Kedia Advisory
JEERA
BUY JEERA SEP @ 19200 SL 18900 TGT 19500-19700. NCDEX
Observations
Jeera trading range for the day is 19220-19620.
Jeera gains on short covering after prices dropped due to weak domestic and export demand
Only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags
Total arrivals witnessed a marginal increase to 12,000 bags (55 kg each) as against 11,800 bags on the previous day.
In Unjha, a major spot market, the price ended at 19622.8 Rupees gained by 0.08 percent.
DHANIYA
BUY DHANIYA SEP @ 7900 SL 7800 TGT 8000-8100. NCDEX
Observations
Dhaniya trading range for the day is 7820-8036.
Dhaniya prices gained due to shortage of good quality stocks in the market.
Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags 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 7920.55 Rupees dropped by -0.59 percent.
TURMERIC
BUY TURMERIC OCT @ 13200 SL 12900 TGT 13500-13700. NCDEX
Observations
Turmeric trading range for the day is 13228-13468.
Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.
However downside seen limited as turmeric stocks held by farmers in Warangal are nearly depleted.
Market participants are closely monitoring weather patterns and crop conditions.
In Nizamabad, a major spot market, the price ended at 13705.45 Rupees gained by 0.02 percent.
