Sell Dhaniya Dec @ 9400 SL 9500 TGT 9300-9200. NCDEX - Kedia Advisory
JEERA
SELL JEERA DEC @ 21500 SL 21800 TGT 21200-21000. NCDEX
Observations
Jeera trading range for the day is 21020-21920.
Jeera dropped due to comfortable supplies and tepid export interest amid adequate existing stocks.
Farmers are struggling to start sowing due to uneven rainfall.
However downside seen limited as weather issues and delayed sowing are keeping cumin prices strong.
In Unjha, a major spot market, the price ended at 21015 Rupees dropped by -0.27 percent.
DHANIYA
SELL DHANIYA DEC @ 9400 SL 9500 TGT 9300-9200. NCDEX
Observations
Dhaniya trading range for the day is 9130-9594.
Dhaniya dropped on profit booking after prices gained due to shortage of good quality stocks.
Total coriander arrivals rose to 14,100 bags (each 40 kg) as against 13,100 bags in the previous session.
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 8958.5 Rupees gained by 0.13 percent.
TURMERIC
SELL TURMERIC DEC @ 14300 SL 14600 TGT 14000-13800. NCDEX
Observations
Turmeric trading range for the day is 13778-14482.
Turmeric gained as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
Also, due to continuous rains in Erode, disease outbreaks have started emerging in some areas.
However upside seen limited amid increase in acreage due to favourable rains during the current sowing season.
In Nizamabad, a major spot market, the price ended at 14657.9 Rupees dropped by -0.19 percent.
