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Jeera

BUY JEERA MAR @ 21600 SL 21300 TGT 21900-22100. NCDEX

Observations

Jeera trading range for the day is 21480-22060.

Jeera dropped as demand is low and the current export business is being met from the available stock.

However downside seen limited amid shortage of stocks is contributing.

The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.

In Unjha, a major spot market, the price ended at 22508.75 Rupees dropped by -0.31 percent.

Dhaniya

BUY DHANIYA APR @ 8200 SL 8100 TGT 8300-8400. NCDEX

Observations

Dhaniya trading range for the day is 8148-8356.

Dhaniya prices remained under pressure 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 7791.85 Rupees gained by 0.06 percent.

Turmeric

BUY TURMERIC APR @ 13400 SL 13100 TGT 13700-13900. NCDEX

Observations

Turmeric trading range for the day is 13204-13660.

Turmeric dropped on weak demand and marginal improvement in arrivals.

However downside seen limited amid concerns over slow growth of rhizomes and low yield estimates persist.

With the arrival of new crop likely to increase after Makar Sankranti, supply is expected to increase.

In Nizamabad, a major spot market, the price ended at 13519.75 Rupees dropped by -0.65 percent.