Buy Dhaniya Apr @ 7800 SL 7700 TGT 7900-8000. NCDEX - Kedia Advisory
Jeera
BUY JEERA APR @ 20600 SL 20300 TGT 20900-21100. NCDEX
Observations
Jeera trading range for the day is 20610-21110.
Jeera gains as the start of the new crop of cumin in Gujarat has been delayed by about a month.
However upside seen limited as demand is low and the current export business is being met from the available stock.
Jeera exports during Apr-Dec 2024, rose by 70.72 percent at 165,084.40 tonnes as compared to 96,701.43 tonnes exported during Apr- Dec 2023
In Unjha, a major spot market, the price ended at 20886.05 Rupees dropped by -0.01 percent.
Dhaniya
BUY DHANIYA APR @ 7800 SL 7700 TGT 7900-8000. NCDEX
Observations
Dhaniya trading range for the day is 7720-7904.
Dhaniya gains on low level buying after prices dropped due to heavy arrivals and weak demand.
A large amount of old stock coming into the market as well as preparation for new crop weighed on prices.
Coriander arrivals in Gujarat reached 9,250 bags, much higher than the usual 500-700 bags.
In Gondal, a major spot market, the price ended at 7681.05 Rupees dropped by -0.5 percent.
Turmeric
BUY TURMERIC APR @ 11600 SL 11400 TGT 11900-12100. NCDEX
Observations
Turmeric trading range for the day is 10974-12246.
Turmeric gained as new crop yields are expected to be 10-15% lower this year
Support also seen amid concerns over slow growth of rhizomes and low yield estimates persist.
However upside seen limited as arrival of new turmeric crop has started.
In Nizamabad, a major spot market, the price ended at 12241.75 Rupees gained by 0.94 percent.
