Buy Turmeric Oct @ 16200 SL 16000 TGT 16400-16600. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 24710-25930.
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 25991.05 Rupees dropped by -0.05 percent.
BUY JEERA SEP @ 25000 SL 24700 TGT 25400-25700. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6756-6876.
Dhaniya gains on short covering after prices dropped amid lack of adequate demand in both local and export 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 6904.35 Rupees dropped by -0.09 percent.
BUY DHANIYA SEP @ 6750 SL 6650 TGT 6850-6950. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16038-16414.
Turmeric gains on short covering after prices dropped as demand remains limited, as buyers are reluctant to make purchases.
Pressure also seen amid news of increased sowing.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 16082.15 Rupees gained by 0.79 percent.
BUY TURMERIC OCT @ 16200 SL 16000 TGT 16400-16600. NCDEX
