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06-10-2023 09:59 AM | Source: Kedia Advisory
Buy Turmeric OCT @ 13800 SL 13500 TGT 14300-14500. NCDEX - Kedia Advisory

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Jeera 

Observation

Jeera trading range for the day is 58270-59530.

Jeera prices gained due to shrinking supplies in the local market.

Increased festive demand and limited availability of quality crops in the market is prompting miller to buy

However, sluggish export demand is still a major concern for Indian traders

In Unjha, a major spot market, the price ended at 59690 Rupees dropped by -0.15 percent

BUY JEERA OCT @ 57800 SL 57300 TGT 58400-58800. NCDEX


Dhaniya 

Observation

Dhaniya trading range for the day is 6804-6984.

Dhaniya gained on low level buying after prices dropped amid huge stocks with farmers and stockists

However, downside seen limited amid increased festive buying along with robust export demand.

India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.

In Gondal, a major spot market, the price ended at 7102 Rupees dropped by 0 percent

BUY DHANIYA OCT @ 6800 SL 6700 TGT 6900-7000. NCDEX


Turmeric

Observation

Turmeric trading range for the day is 13954-14890.

Turmeric gains due to the potential for yield losses caused by the crop's anticipated unfavourable October weather.

According to IMD, October is projected to be drier than average, which will have an impact on crop growth.

Support is also evident for improved export opportunities.

In Nizamabad, a major spot market, the price ended at 13877.55 Rupees gained by 1.04 percent.

BUY TURMERIC OCT @ 13800 SL 13500 TGT 14300-14500. NCDEX



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