Sell Turmeric Dec @ 13850 SL 14100 TGT 13500-13200. NCDEX - Kedia Advidory
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Jeera
Observations
Jeera trading range for the day is 24610-25390.
Jeera gained on short covering after prices dropped as arrival has increased.
There is a possibility of 25 percent reduction in cumin sowing in Gujarat
Carryover stock of 20 lakh bags of cumin is estimated in the new season
In Unjha, a major spot market, the price ended at 24976.55 Rupees dropped by -0.12 percent.
BUY JEERA DEC @ 25000 SL 24700 TGT 25400-25600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7770-8210.
Dhaniya prices gained as festival season demand surges.
Sowing has been delayed due to excessive soil moisture, limiting future supply.
Lower carryover stocks at production centers further tighten the market.
In Gondal, a major spot market, the price ended at 7844.15 Rupees gained by 1.01 percent.
BUY DHANIYA DEC @ 7900 SL 7800 TGT 8050-8150. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13082-15050.
Turmeric prices dropped due to lower demand amid a rise in arrivals.
The expected acreage for the upcoming season is estimated to be 30-35% higher than last year.
Recent weather conditions, which include dry weather followed by light rains, are benefiting crop growth.
In Nizamabad, a major spot market, the price ended at 14281.95 Rupees gained by 0.78 percent.
SELL TURMERIC DEC @ 13850 SL 14100 TGT 13500-13200. NCDEX
