Buy Dhaniya APR @ 7800 SL 7700 TGT 7900-8000. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 23750-24950.
Jeera gained on short covering after 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 26715.35 Rupees dropped by -0.51 percent.
BUY JEERA APR @ 24200 SL 23800 TGT 24700-25000. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7662-7954.
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 @ 7800 SL 7700 TGT 7900-8000. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 16844-19200.
Turmeric dropped on profit booking after prices rose 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 16532.5 Rupees dropped by -1.21 percent.
BUY TURMERIC APR @ 17450 SL 17200 TGT 17750-18000. NCDEX
