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JEERA

Observation

Jeera trading range for the day is 25170-28310.

Jeera gains on short covering after 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 30323.15 Rupees gained by 0.65 percent.

BUY JEERA MAR @ 27000 SL 26500 TGT 27500-27800. NCDEX

DHANIYA

Observation

Dhaniya trading range for the day is 7472-7712.

Dhaniya gains amid lower sowing and robust export demand.

However, upside seen limited amid huge stocks with farmers and stockists.

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

Observation

Turmeric trading range for the day is 14990-16070.

Turmeric gains supported by reduced supplies in the spot market.

Delayed harvesting of new crop and tighter ending stocks is likely to keep market sentiments up

Export has been slow down in recent months and expected to increase in wake of series of festivals ahead.

In Nizamabad, a major spot market, the price ended at 14191.8 Rupees dropped by -0.2 percent.

BUY TURMERIC APR @ 15300 SL 15100 TGT 15600-15800. NCDEX