Jeera trading range for the day is 59730-66190. - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 59730-66190.
Jeera dropped due to profit booking after prices gained due to a decrease in 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 61348.85 Rupees gained by 0.03 percent.
SELL JEERA OCT @ 63000 SL 63500 TGT 62400-62000. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 6932-7208.
Dhaniya dropped due to profit booking after prices gained 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.
SELL DHANIYA SEP @ 7100 SL 7200 TGT 7000-6900. NCDEX
TURMERIC
Observations
urmeric trading range for the day is 13514-15150.
Turmeric dropped due to profit booking after prices gained as buying activities has improved.
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 13817.75 Rupees dropped by -1.53 percent.
SELL TURMERIC OCT @ 14400 SL 14800 TGT 14000-13700. NCDEX
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