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JEERA

Observations

* Jeera trading range for the day is 24620-27100.

* Jeera gained in wake of emerging weather risk in Rajasthan and Gujarat may affect the yield.

* However, upside seen limited as jeera acreage hits a four-year high in the current rabi season.

* Stockists are showing interest in buying on recent downfall in prices triggering short covering.

* In Unjha, a major spot market, the price ended at 28335.2 Rupees gained by 0.01 percent.

BUY JEERA APR @ 25500 SL 25100 TGT 26000-26300. NCDEX

DHANIYA

Observations

* Dhaniya trading range for the day is 8092-8520.

* Dhaniya gained amid lower sowing and robust export demand.

* However, upside seen limited amid huge stocks with farmers and stockists.

* 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 @ 8250 SL 8150 TGT 8350-8450. NCDEX

TURMERIC

Observations

* Turmeric trading range for the day is 18226-19642.

* Turmeric prices gained supported by reduced supplies in the spot market.

* However, upside seen limited as buying activities has been slower in expectation of new crops.

* Export has been slow down in recent months and expected to increase in wake of series of festivals ahead.

* In Nizamabad, a major spot market, the price ended at 16493.5 Rupees gained by 7 percent.

BUY TURMERIC APR @ 19000 SL 18700 TGT 19400-19700. NCDEX