Jeera trading range for the day is 24830-26530 - Kedia Advisory
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JEERA
Jeera trading range for the day is 24830-26530.
Jeera dropped as the expectation of higher production weighed on the prices.
However downside seen limited amid robust domestic and export demand besides tight global supplies.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 25465.9 Rupees dropped by -0.03 percent
BUY JEERA OCT @ 25500 SL 25200 TGT 25900-26200. NCDEX
DHANIYA
Dhaniya trading range for the day is 6776-7316.
Dhaniya gains on low level buying after prices dropped due to good arrivals.
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 6952.35 Rupees dropped by -0.04 percent.
BUY DHANIYA OCT @ 7050 SL 6950 TGT 7150-7250. NCDEX
TURMERIC
Turmeric trading range for the day is 13218-14678.
Turmeric gains amid tighter supplies in the market and emerging buying from stockists.
Some support also seen as farmers are holding back stocks in anticipation of a further rise.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 14484.15 Rupees gained by 0.84 percent.
BUY TURMERIC OCT @ 14000 SL 13700 TGT 14400-14700. NCDEX
