Jeera trading range for the day is 24940-25860 - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 24940-25860.
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 25488.3 Rupees dropped by -0.09 percent.
BUY JEERA SEP @ 25300 SL 24800 TGT 25800-26200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6706-6866.
Dhaniya 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 7006.15 Rupees gained by 0.29 percent.
BUY DHANIYA SEP @ 6750 SL 6650 TGT 6850-6950. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13578-14558.
Turmeric prices dropped amid news of increased sowing.
However downside seen limited amid tighter supplies in the market and emerging buying from stockists.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 14423.6 Rupees dropped by -0.33 percent.
BUY TURMERIC OCT @ 14000 SL 13700 TGT 14400-14700. NCDEX
