Sell Turmeric OCT @ 13900 SL 14200 TGT 13500-13200. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 57050-62030.
Jeera dropped amid profit booking after prices gained due to shrinking supplies in the local market.
Increased festive demand and limited availability of quality crops in the market is prompting miller to buy
However, sluggish export demand is still a major concern for Indian traders
In Unjha, a major spot market, the price ended at 60561.5 Rupees gained by 0.13 percent.
SELL JEERA OCT @ 60300 SL 60800 TGT 59600-59200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6776-7172.
Dhaniya dropped as huge stocks with farmers and stockists weighed on prices.
However, downside seen limited amid increased festive buying along with robust export demand.
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 7194.25 Rupees gained by 0.11 percent.
SELL DHANIYA OCT @ 7000 SL 7100 TGT 6900-6800. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13250-14298.
Turmeric dropped due to increased offerings in the wake of reports that recent rains may be helpful for standing crops.
Supplies are down whereas production prospects are also looking bleak
The upcoming week is expected to bring normal to above-normal rainfall to Maharashtra and Telangana
In Nizamabad, a major spot market, the price ended at 13337.25 Rupees dropped by -1.15 percent.
SELL TURMERIC OCT @ 13900 SL 14200 TGT 13500-13200. NCDEX
