Sell Dhaniya NOV @ 7400 SL 7500 TGT 7300-7200. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 40400-48080.
Jeera dropped as adequate soil moisture, and favorable weather condition for crop will boost sowing.
The upcoming sowing of jeera that is expected to remain normal due to favorable weather condition.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 45923.65 Rupees dropped by -1.02 percent.
BUY JEERA DEC @ 42500 SL 41800 TGT 43400-44000. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7380-7812.
Dhaniya prices dropped amid huge stocks with farmers and stockists
Dhaniya exports during Apr-Aug 2023, rose by 261.69 percent at 67,120.65 tonnes as compared to Apr-Aug 2022.
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 7416.55 Rupees dropped by -0.03 percent.
SELL DHANIYA NOV @ 7400 SL 7500 TGT 7300-7200. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13216-13856.
Turmeric dropped amid improved crop condition due to favorable weather condition.
However, downside seen limited due to the potential for yield losses caused by the crop's unfavourable weather.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13540.4 Rupees dropped by -0.83 percent.
BUY TURMERIC DEC @ 13200 SL 12800 TGT 13700-14000. NCDEX
