Sell Jeera JUN @ 29500 SL 29800 TGT 29100-28800. NCDEX - Kedia Advisory
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Jeera
Jeera trading range for the day is 27640-31260.
Jeera dropped on profit booking after prices gained as arrival pace has started slowed down.
Global buyers preferred Indian jeera with tightening global supplies.
New arrivals have started in Gujarat since last 20-25 days and new arrivals have started in Rajasthan also since last 15 days.
In Unjha, a major spot market, the price ended at 30739.85 Rupees dropped by -0.69 percent.
SELL JEERA JUN @ 29500 SL 29800 TGT 29100-28800. NCDEX
DHANIYA
Dhaniya trading range for the day is 7564-7896.
Dhaniya gains on short covering after prices dropped due to good arrivals in major markets.
Daily arrival of 40000 bags witnessed in Ramganj mandi and around 20000 to 30000 bags coming in Kota.
Traders are reporting decline in yield highlighting the challenges faced in coriander cultivation
In Gondal, a major spot market, the price ended at 7590.5 Rupees dropped by -0.14 percent.
BUY DHANIYA JUN @ 7700 SL 7600 TGT 7800-7900. NCDEX
TURMERIC
Turmeric trading range for the day is 18194-20714.
Turmeric prices gained as farmers are holding back stocks.
The current heat wave could severely damage the crop yield, further contributing to the supply crunch.
The Ministry of Agriculture first advance estimate for turmeric production in 2023-24 is estimated at 10.74 lakh tonnes
In Nizamabad, a major spot market, the price ended at 17974.15 Rupees gained by 1.74 percent.
BUY TURMERIC JUN @ 19400 SL 19000 TGT 19800-20000. NCDEX
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