Sell Jeera Dec @ 21700 SL 22000 TGT 21400-21200. NCDEX - Kedia Advisory
JEERA
SELL JEERA DEC @ 21700 SL 22000 TGT 21400-21200. NCDEX
Observations
Jeera trading range for the day is 20970-22010.
Jeera gained as weather issues and delayed sowing are keeping cumin prices strong.
However, upside seen limited due to comfortable supplies and tepid export interest amid adequate existing stocks.
Gujarat, is seeing one of the slowest sowing seasons in years because fields are not ready.
In Unjha, a major spot market, the price ended at 21108.05 Rupees gained by 0.07 percent.
DHANIYA
SELL DHANIYA DEC @ 9800 SL 9900 TGT 9700-9600. NCDEX
Observations
Dhaniya trading range for the day is 8948-10332.
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 9043.75 Rupees gained by 0.56 percent.
TURMERIC
SELL TURMERIC DEC @ 14200 SL 14500 TGT 13900-13700. NCDEX
Observations
Turmeric trading range for the day is 13764-14588.
Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.
However downside seen limited as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
Due to continuous rains in Erode, disease outbreaks have started emerging in some areas.
In Nizamabad, a major spot market, the price ended at 14664.8 Rupees gained by 0.05 percent.
