Sell Turmeric Dec @ 14300 SL 14600 TGT 14000-13800. NCDEX - Kedia Advisory
JEERA
SELL JEERA DEC @ 21800 SL 22100 TGT 21500-21200. NCDEX
Observations
Jeera trading range for the day is 21370-22030.
Jeera gained as weather issues and delayed sowing are keeping cumin prices strong.
Gujarat, is seeing one of the slowest sowing seasons in years because fields are not ready.
However upside seen limited due to comfortable supplies and tepid export interest amid adequate existing stocks.
In Unjha, a major spot market, the price ended at 21083.7 Rupees dropped by -0.67 percent.
DHANIYA
SELL DHANIYA DEC @ 9500 SL 9650 TGT 9350-9250. NCDEX
Observations
Dhaniya trading range for the day is 9074-9682.
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 9107.75 Rupees gained by 0.82 percent.
TURMERIC
SELL TURMERIC DEC @ 14300 SL 14600 TGT 14000-13800. NCDEX
Observations
Turmeric trading range for the day is 13782-14382.
Turmeric gains as yields in Maharashtra, Andhra Pradesh and Karnataka have been affected due to rains.
Also, due to continuous rains in Erode, disease outbreaks have started emerging in some areas.
Support also seen as recent rainfall has caused damage to standing turmeric crops in major growing regions.
In Nizamabad, a major spot market, the price ended at 14686.5 Rupees gained by 0.05 percent.
