Buy Turmeric OCT @ 15500 SL 15200 TGT 15800-16000. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 57970-62830.
Jeera dropped on profit booking as sluggish export demand is still a major concern for Indian traders.
However Indian jeera prices remained un competitive in global market that kept overseas demand subdued.
Drier weather condition in Gujarat will also lead to rise in arrivals that will cap the upwards move.
In Unjha, a major spot market, the price ended at 61321.6 Rupees gained by 0.06 percent.
SELL JEERA OCT @ 60500 SL 61000 TGT 60000-59500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6890-7370.
Dhaniya dropped on profit booking after prices gain amid on increased festive buying.
The lower price levels and higher stocks have significantly boosted coriander exports in May 2023.
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 7251.55 Rupees dropped by 0 percent.
BUY DHANIYA OCT @ 7100 SL 7000 TGT 7200-7300. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 14858-16182.
Turmeric prices gained as buying activities has improved.
Supplies are down whereas production prospects are also looking bleak
The upcoming week is expected to bring normal to above-normal rainfall to Maharashtra and Telangana
In Nizamabad, a major spot market, the price ended at 13620.05 Rupees gained by 0.16 percent
BUY TURMERIC OCT @ 15500 SL 15200 TGT 15800-16000. NCDEX
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