Buy Jeera Apr @ 20400 SL 20100 TGT 20700-20900. NCDEX - Kedia Advisory
Jeera
BUY JEERA APR @ 20400 SL 20100 TGT 20700-20900. NCDEX
Observations
Jeera trading range for the day is 20440-20860.
Jeera dropped as demand is low and the current export business is being met from the available stock.
However, only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags.
However downside seen limited as the start of the new crop of cumin in Gujarat has been delayed by about a month.
In Unjha, a major spot market, the price ended at 20828.6 Rupees dropped by -1.13 percent.
Dhaniya
BUY DHANIYA APR @ 7800 SL 7700 TGT 7900-8000. NCDEX
Observations
Dhaniya trading range for the day is 7726-7966.
Dhaniya 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 7656.05 Rupees dropped by -0.27 percent.
Turmeric
BUY TURMERIC APR @ 11200 SL 11000 TGT 11500-11700. NCDEX
Observations
Turmeric trading range for the day is 10808-12044.
Turmeric dropped as arrival of new turmeric crop has started.
However downside seen limited as new crop yields are expected to be 10-15% lower this year
Turmeric exports during Apr - Nov 2024, jump by 9.80 percent at 121,601.21 tonnes as compared to 110,745.34 tonnes exported during Apr - Nov 2023.
In Nizamabad, a major spot market, the price ended at 12127.5 Rupees dropped by -2.2 percent.
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