Buy Dhaniya May @ 7400 SL 7300 TGT 7500-7600. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAY @ 22300 SL 22000 TGT 22600-22800. NCDEX
Observations
Jeera trading range for the day is 22260-23020.
Jeera dropped due to comfortable supplies and tepid export interest.
Gujarat saw 27,300 bags arrive, up from 24,000 bags, exerting further downward pressure.
Supply trends remain crucial, as near-term supplies remain tight due to limited arrivals from Rajasthan.
In Unjha, a major spot market, the price ended at 23160.05 Rupees gained by 0.32 percent.
Dhaniya
BUY DHANIYA MAY @ 7400 SL 7300 TGT 7500-7600. NCDEX
Observations
Dhaniya trading range for the day is 7322-7498.
Dhaniya gained on short covering after prices dropped due to higher arrivals and limited domestic and export demand
Total arrivals across Gujarat are estimated at 57,500 bags (1 bag = 40 kg).
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7357.6 Rupees dropped by -0.39 percent.
Turmeric
BUY TURMERIC MAY @ 14100 SL 13800 TGT 14400-14600. NCDEX
Observations
Turmeric trading range for the day is 13926-14610.
Turmeric dropped due to weak domestic demand and weak export enquiries.
Arrivals in key markets dropped to 51,732 bags from 74,059 the previous session
Lingering worries over slow rhizome growth and low yields limited further downside in prices.
In Nizamabad, a major spot market, the price ended at 14889.05 Rupees dropped by -0.39 percent.
