Sell Jeera NOV @ 44200 SL 45000 TGT 43200-42500. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 41970-47170.
Jeera dropped as adequate soil moisture, and favorable weather condition for crop will boost the overall sowing activities.
The upcoming sowing of jeera that is expected to remain normal due to favorable weather condition.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 47963.35 Rupees dropped by -0.54 percent.
SELL JEERA NOV @ 44200 SL 45000 TGT 43200-42500. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7052-7404
Dhaniya prices dropped amid huge stocks with farmers and stockists
Dhaniya exports during Apr-Aug 2023, rose by 261.69 percent at 67,120.65 tonnes as compared to Apr-Aug 2022.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.
In Gondal, a major spot market, the price ended at 7311.65 Rupees dropped by -0.06 percent.
SELL DHANIYA NOV @ 7300 SL 7400 TGT 7200-7100. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13062-13902.
Turmeric dropped amid improved crop condition due to favorable weather condition.
However, downside seen limited due to the potential for yield losses caused by the crop's anticipated unfavourable October weather.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13462.3 Rupees dropped by -0.3 percent.
BUY TURMERIC DEC @ 13300 SL 13000 TGT 13800-14100. NCDEX
