Jeeraunjha trading range for the day is 53960-60130 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 53960-60130
Jeera prices rallied amid high exports and supply shortage
Traders are avoiding bulk buying in anticipation of rise in seasonal supply of jeera in Gujarat and Rajasthan.
The market is expecting a lower yield and quality of jeera this season
In April 2023 around 17,084.87 tonnes of jeera was exported as against 19,456.02 tonnes in March 2023 showing a drop of 12.19%.
SELL JEERA Jul 2023 @ 57400 SL 57900 TGT 56600-56200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6586-6846
Dhaniya gained amid improved export demand but forecast of drier weather in Rajasthan will lead to rise in supplies.
Supplies are improving in Rajasthan, likely to witness bumper production in current year.
Carry over stocks of old coriander is around 5-6 lakh bags is estimated to remain
Dhaniya exports during Apr 2023, rose by 185.64 percent compared to Apr 2022
BUY DHANIYA Jul 2023 @ 6600 SL 6500 TGT 6700-6800. MCX
Turmeric
Observations
TMCFGRNZM trading range for the day is 9162-10330
Turmeric dropped with forecast of good rainfall will boost sowing activities.
The untimely rains that occurred in various places in the Andhra Pradesh damaged turmeric crops.
Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on their produce.
In April 2023 around 19,590.87 tonnes of turmeric was exported as against 18,810.47 tonnes in March 2023 showing a rise of 4.15%.
SELL TURMERIC Aug 2023 @ 9600 SL 9700 TGT 9500-9400. NCDEX
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