Turmeric trading range for the day is 13100-13988 - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 26730-30730.
Jeera prices dropped due to higher production prospects
In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 30983.5 Rupees gained by 0.42 percent.
BUY JEERA MAR @ 27800 SL 27400 TGT 28300-28600. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7694-8082.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited due to slower sowing progress for the upcoming season.
In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022.
In Gondal, a major spot market, the price ended at 7429 Rupees dropped by -0.7 percent.
BUY DHANIYA JAN @ 7800 SL 7700 TGT 7900-8000. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 13100-13988.
Turmeric dropped as buying activities has been slower ahead of commencement of new crops.
Pressure also seen amid improved crop condition due to favorable weather condition.
Turmeric exports during Apr-Oct 2023, rose by 2.63 percent at 1,02,162.94 tonnes as compared to Apr-Oct 2022.
In Nizamabad, a major spot market, the price ended at 13156.9 Rupees dropped by -1.07 percent.
BUY TURMERIC APR @ 13300 SL 13100 TGT 13600-13800. NCDEX
