Buy Dhaniya Apr @ 7600 SL 7500 TGT 7700-7800. NCDEX - Kedia Advisory
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Jeera
Jeera trading range for the day is 23020-24220.
Jeera gains as in Unjha, arrival has reduced to 35-37 thousand bags.
Support also seen in wake of emerging weather risk in Rajasthan and Gujarat that may affect the yield.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 26073.8 Rupees gained by 0.6 percent.
BUY JEERA APR @ 23500 SL 23200 TGT 24000-24400. NCDEX
Dhaniya
Dhaniya trading range for the day is 7546-7886.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited amid lower sowing and robust export demand.
In Nov 2023 around 3,058.06 tonnes of dhaniya was exported as against 3,918.54 tonnes in Oct 2023 showing a drop of 21.96%.
In Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.
BUY DHANIYA APR @ 7600 SL 7500 TGT 7700-7800. NCDEX
Turmeric
Turmeric trading range for the day is 17154-18270.
Turmeric dropped on profit booking after prices gained as below normal supplies
Festivals ahead in coming months and commencement of wedding season demand is likely to keep buyers engage.
Production is likely to be dropped by about 14% Y-o-Y due to lower area under turmeric.
In Nizamabad, a major spot market, the price ended at 16412.05 Rupees dropped by -1.13 percent.
BUY TURMERIC APR @ 16600 SL 16300 TGT 17000-17200. NCDEX
