Sell Jeera Dec @ 21300 SL 21600 TGT 21000-20700. NCDEX - Kedia Advisory
Jeera
SELL JEERA DEC @ 21300 SL 21600 TGT 21000-20700. NCDEX
Observations
Jeera trading range for the day is 20510-22250.
Jeera dropped due to comfortable supplies and tepid export interest amid adequate existing stocks.
However downside seen limited as weather issues and delayed sowing are keeping cumin prices strong.
Farmers are struggling to start sowing due to uneven rainfall.
In Unjha, a major spot market, the price ended at 21151.3 Rupees dropped by -0.89 percent.
Dhaniya
SELL DHANIYA DEC @ 8650 SL 8750 TGT 8550-8450. NCDEX
Observations
Dhaniya trading range for the day is 8514-8670.
Dhaniya 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 8337.1 Rupees dropped by -0.01 percent.
Turmeric
SELL TURMERIC DEC @ 14400 SL 14600 TGT 14200-14000. NCDEX
Observations
Turmeric trading range for the day is 13958-14650.
Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.
Turmeric stocks held by farmers in Warangal are nearly depleted, with no fresh arrivals over the past two days.
However downside seen limited as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains..
In Nizamabad, a major spot market, the price ended at 14827.95 Rupees dropped by -0.24 percent.
