Buy Jeera Apr @ 20600 SL 20300 TGT 20900-21100. NCDEX - Kedia Advisory
Jeera
BUY JEERA APR @ 20600 SL 20300 TGT 20900-21100. NCDEX
Observations
Jeera trading range for the day is 20370-21490
Jeera dropped as demand is low and the current export business is being met from the available stock.
However downside seen limited as the start of the new crop of cumin in Gujarat has been delayed by about a month.
Jeera exports during Apr-Dec 2024, rose by 70.72 percent at 165,084.40 tonnes as compared to 96,701.43 tonnes exported during Apr- Dec 2023
In Unjha, a major spot market, the price ended at 21121.05 Rupees dropped by -0.56 percent
Dhaniya
Observations
BUY DHANIYA APR @ 7800 SL 7700 TGT 7900-8000. NCDEX
Dhaniya trading range for the day is 7700-7940.
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 7661.25 Rupees dropped by -0.16 percent
Turmeric
BUY TURMERIC APR @ 11300 SL 11100 TGT 11500-11700. NCDEX
Observations
Turmeric trading range for the day is 11232-11668.
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-Dec 2024, jump by 13 percent at 136,921.04 tonnes as compared to 121,170.97 tonnes exported during Apr-Dec 2023.
In Nizamabad, a major spot market, the price ended at 12241.75 Rupees gained by 0.94 percent.
