Sell Jeera NOV @ 51500 SL 52200 TGT 50500-49800. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 48760-55480.
Jeera dropped due to profit booking amid subdued demand due to sluggish export demand.
However, downside seen limited amid limited availability of quality crop.
Export is likely to remain down in upcoming months as per the export seasonality.
In Unjha, a major spot market, the price ended at 55178.85 Rupees dropped by -0.11 percent.
SELL JEERA NOV @ 51500 SL 52200 TGT 50500-49800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6876-7136.
Dhaniya prices dropped as 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 7137.45 Rupees gained by 0.29 percent.
SELL DHANIYA NOV @ 7050 SL 7150 TGT 6950-6850. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12424-14264.
Turmeric prices gained amid improved crop condition due to favorable weather condition.
However downside seen limited due to the potential for yield losses.
Support is also evident for improved export opportunities. I
n Nizamabad, a major spot market, the price ended at 13567 Rupees dropped by -0.82 percent.
SELL TURMERIC DEC @ 13400 SL 13800 TGT 12900-12600. NCDEX
