Sell Turmeric Dec @ 14000 SL 14300 TGT 13700-13500. NCDEX - Kedia Advisory
JEERA
SELL JEERA DEC @ 21800 SL 22100 TGT 21500-21200. NCDEX
Observations
Jeera trading range for the day is 21230-22090
Jeera gains as weather issues and delayed sowing are keeping cumin prices strong.
However upside seen limited due to comfortable supplies and tepid export interest amid adequate existing stocks.
Farmers are struggling to start sowing due to uneven rainfall. In Unjha, a major spot market, the price ended at 21088.8 Rupees dropped by -0.45 percent.
DHANIYA
SELL DHANIYA DEC @ 9200 SL 9300 TGT 9100-9000. NCDEX
Observations
Dhaniya trading range for the day is 8656-9548.
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 8850.25 Rupees gained by 1.72 percent.
TURMERIC
SELL TURMERIC DEC @ 14000 SL 14300 TGT 13700-13500. NCDEX
Observations
Turmeric trading range for the day is 13370-14870.
Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.
Turmeric stocks held by farmers in Warangal are nearly depleted, with no fresh arrivals over the past two days.
However downside seen limited as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
In Nizamabad, a major spot market, the price ended at 14678.5 Rupees dropped by -0.38 percent.
