Sell Jeera Nov @ 20300 SL 20600 TGT 20000-19800. NCDEX - Kedia Advisory
JEERA
SELL JEERA NOV @ 20300 SL 20600 TGT 20000-19800. NCDEX
Observations
Jeera trading range for the day is 19840-20660
Jeera dropped due to weak export demand post retail season.
Pressure also seen due to comfortable supplies and tepid export interest amid adequate existing stocks.
Traders attributed the fall mainly to the conclusion of the retail season and continued inactivity on the part of foreign buyers.
In Unjha, a major spot market, the price ended at 20199.5 Rupees dropped by -0.41 percent.
DHANIYA
SELL DHANIYA NOV @ 8350 SL 8450 TGT 8250-8150. NCDEX
Observations
Dhaniya trading range for the day is 8208-8412.
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 8155.75 Rupees dropped by -0.11 percent.
TURMERIC
SELL TURMERIC DEC @ 14800 SL 15100 TGT 14500-14200. NCDEX
Observations
Turmeric trading range for the day is 14254-15078.
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 14592.85 Rupees dropped by -0.13 percent.
