Jeera trading range for the day is 25400-26320 - Kedia Advisory
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JEERA
Observation
Jeera trading range for the day is 25400-26320.
Jeera prices gains amid robust domestic and export demand besides tight global supplies.
Farmers holding back their stocks on expectation of better prices too bolstered prices.
Turkey anticipates producing 12-15 thousand tons, while Afghanistan's output could double.
In Unjha, a major spot market, the price ended at 25677.65 Rupees dropped by -0.03 percent.
BUY JEERA OCT @ 25600 SL 25200 TGT 26100-26400. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7138-7434.
Dhaniya dropped on profit booking due to good arrivals in major 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 6952.35 Rupees dropped by -0.04 percent.
BUY DHANIYA OCT @ 7250 SL 7150 TGT 7350-7450. NCDEX
TURMERIC
Observation
Turmeric trading range for the day is 14222-14702.
Turmeric prices pared gained on profit booking and amid news of increased sowing.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
However downside seen limited amid tighter supplies in the market and emerging buying from stockists
In Nizamabad, a major spot market, the price ended at 14484.15 Rupees gained by 0.84 percent.
BUY TURMERIC OCT @ 14200 SL 13900 TGT 14500-14800. NCDEX
