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Jeera

BUY JEERA SEP @ 19200 SL 18900 TGT 19500-19700. NCDEX

Observations

Jeera trading range for the day is 19090-19570.

Jeera gains on short covering after prices dropped due to weak domestic and export demand post retail season.

Only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags

Total arrivals witnessed a marginal increase to 12,000 bags (55 kg each) as against 11,800 bags on the previous day.

In Unjha, a major spot market, the price ended at 19596.1 Rupees dropped by -0.34 percent.

Dhaniya

SELL DHANIYA SEP @ 7700 SL 7800 TGT 7600-7500. NCDEX

Observations

Dhaniya trading range for the day is 7572-7876.

Dhaniya dropped on profit booking after prices gained due to shortage of good quality stocks in the market.

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 7780 Rupees dropped by -0.52 percent.

Turmeric

BUY TURMERIC OCT @ 12400 SL 12200 TGT 12600-12800. NCDEX

Observations

Turmeric trading range for the day is 11856-13764.

Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.

However downside seen limited as turmeric stocks held by farmers in Warangal are nearly depleted.

Market participants are closely monitoring weather patterns and crop conditions.

In Nizamabad, a major spot market, the price ended at 13459 Rupees dropped by -1.54 percent.