Jeeraunjha trading range for the day is 60530-63400 - Kedia Advisory
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Jeera
Observations
Jeeraunjha trading range for the day is 60530-63400
Jeera pared gains on profit booking after prices rose as arrivals decreased
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 May 2023 around 25,903.63 tonnes of jeera was exported as against 17,084.87 tonnes in April 2023 showing a rise of 51.52%.
BUY JEERA Aug 2023 @ 61500 SL 61000 TGT 62200-62800. NCDEX
Dhaniya.
Observations
Dhaniya trading range for the day is 7354-7722
Dhaniya dropped on profit booking after prices rose amid improved export demand and also domestic demand at lower levels.
The lower price levels and higher stocks have significantly boosted coriander exports in May 2023.
India's increased coriander production has led to a decline in the country's imports from other coriander-producing nations.
In May 2023 around 25,446.27 tonnes of dhaniya was exported as against 11,486.60 tonnes in April 2023 showing a rise of 121.53%.
BUY DHANIYA Aug 2023 @ 7450 SL 7350 TGT 7550-7650. NCDEX
Turmeric
Observations
TMCFGRNZM trading range for the day is 14878-16586
Turmeric gains supported by fall in area and slower sowing progress.
Farmers and stockists are holding onto their stocks in anticipation of price increases due to lower sowing acreage
Supplies in Maharashtra and Telangana are likely to increase as farmers are getting fair realization on their produce.
BUY TURMERIC Aug 2023 @ 15800 SL 15500 TGT 16200-16400. NCDEX
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