Buy Dhaniya Apr @ 8300 SL 8200 TGT 8450-8550. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 21930-22930.
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 23399.8 Rupees dropped by -0.1 percent.
BUY JEERA MAR @ 22100 SL 21900 TGT 22400-22600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 8222-8546.
Dhaniya dropped mainly due to the off-season and good sowing reports of this year's crop.
Further, the cool weather is proving favourable for the crops, and there are no significant reports of damage.
With export opportunities yet to materialise, the market will now depend on the arrival of fresh crops.
In Gondal, a major spot market, the price ended at 7802.75 Rupees dropped by -0.43 percent.
BUY DHANIYA APR @ 8300 SL 8200 TGT 8450-8550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13966-14486.
Turmeric gains amid concerns over slow growth of rhizomes and low yield estimates persist.
Harvesting has commenced in Karnataka and Andhra Pradesh and is expected to commence in Telangana.
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 13993.65 Rupees dropped by -0.92 percent.
BUY TURMERIC APR @ 14000 SL 13700 TGT 14300-14500. NCDEX
