Buy Jeera Apr @ 22400 SL 22100 TGT 22750-22950. NCDEX - Kedia Advisory
JEERA
BUY JEERA APR @ 22400 SL 22100 TGT 22750-22950. NCDEX
Observations
Jeera trading range for the day is 22280-22860.
Jeera gains amid price support from domestic demand, as well as export activity.
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 amid price support from domestic demand, as well as export activity from Gulf countries.
In Unjha, a major spot market, the price ended at 21991.85 Rupees dropped by -0.01 percent.
Dhaniya
BUY DHANIYA APR @ 7850 SL 7750 TGT 7950-8050. NCDEX
Observations
Dhaniya trading range for the day is 7790-7926.
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 7785.2 Rupees gained by 0.01 percent.
Turmeric
BUY TURMERIC APR @ 13100 SL 12900 TGT 13400-13600. NCDEX
Observations
Turmeric trading range for the day is 12806-13718.
Turmeric gained as lower-than-expected arrivals restricted supplies, leading to strong buying interest.
Meanwhile, exports continued to pick up in the second half of 2024, with shipments reaching a four-year high.
New crop yields are expected to be 10-15% lower this year, with the Nanded region particularly affected by small rhizomes and some crop rots.
In Nizamabad, a major spot market, the price ended at 13549.4 Rupees gained by 0.94 percent.
