Buy Dhaniya Apr @ 8250 SL 8150 TGT 8350-8450. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAR @ 21000 SL 20700 TGT 21300-21500. NCDEX
Observations
Jeera trading range for the day is 20540-21620.
Jeera gained as the start of the new crop of cumin in Gujarat has also been delayed by about a month.
Due to unfavourable weather, this time the start of sowing of cumin in Gujarat and Rajasthan was delayed by about a month.
However, demand is low and the current export business is being met from the available stock.
In Unjha, a major spot market, the price ended at 21171.6 Rupees dropped by -0.93 percent.
Dhaniya
BUY DHANIYA APR @ 8250 SL 8150 TGT 8350-8450. NCDEX
Observations
Dhaniya trading range for the day is 8164-8352.
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 7705.05 Rupees dropped by -0.84 percent.
Turmeric
BUY TURMERIC APR @ 13100 SL 12900 TGT 13350-13500. NCDEX
Observations
Turmeric trading range for the day is 12574-13578.
Turmeric gains as new crop yields are expected to be 10-15% lower this year.
However upside seen limited as arrival of new turmeric crop has started.
Turmeric area was recorded as 3.30 lakh hectares, which is 10 percent more than the area of about 3 lakh hectares.
In Nizamabad, a major spot market, the price ended at 13156.3 Rupees gained by 1.02 percent.
