Dhaniya trading range for the day is 7022-7230 - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 62780-67140.
Jeera prices have surged attributed to a decrease in local market supplies.
The increased demand for jeera during festivals has piqued the interest of stockists
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 60237.65 Rupees gained by 0.27 percent.
BUY JEERA OCT @ 64700 SL 64200 TGT 65300-65800. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7022-7230.
Dhaniya prices gained amid short covering 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 7258.7 Rupees dropped by -0.27 percent.
BUY DHANIYA SEP @ 7100 SL 7000 TGT 7200-7300. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 14402-15142.
Turmeric gains as buying activities has improved in wake of increased festive demand.
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 14032.7 Rupees dropped by -0.09 percent.
SELL TURMERIC OCT @ 15000 SL 15300 TGT 14600-14400. NCDEX
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