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
