Sell Dhaniya Sep @ 7800 SL 7900 TGT 7700-7600. NCDEX - Kedia Advisory
Jeera
BUY JEERA SEP @ 19000 SL 18700 TGT 19300-19500. NCDEX
Observations
Jeera trading range for the day is 18710-19870.
Jeera gains on short covering after prices dropped due to weak domestic and export demand
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 19276.2 Rupees gained by 0.16 percent.
Dhaniya
SELL DHANIYA SEP @ 7800 SL 7900 TGT 7700-7600. NCDEX
Observations
Dhaniya trading range for the day is 7568-8004.
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 7800.4 Rupees dropped by -0.32 percent.
Turmaric
BUY TURMERIC OCT @ 13100 SL 12900 TGT 13350-13500. NCDEX
Observations
Turmeric trading range for the day is 12956-13576.
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 13760.05 Rupees dropped by -0.4 percent.
