Buy Dhaniya Apr @ 7650 SL 7550 TGT 7750-7850. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 22930-23690.
Jeera prices dropped as jeera acreage hits a four-year high
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 25924.75 Rupees dropped by -0.01 percent.
BUY JEERA APR @ 23000 SL 22700 TGT 23500-23800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7536-7796.
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 @ 7650 SL 7550 TGT 7750-7850. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16824-18044.
Turmeric dropped on profit booking after prices gained amid 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 16384.4 Rupees dropped by -1.32 percent.
BUY TURMERIC APR @ 17300 SL 17000 TGT 17600-17800. NCDEX
