Buy Jeera Apr @ 25000 SL 24700 TGT 25500-25800. NCDEX - Kedia Advisory
JEERA
Observations
* Jeera trading range for the day is 23300-25600.
* Jeera gained in wake of emerging weather risk in Rajasthan and Gujarat may affect the yield.
* However, upside seen limited as jeera acreage hits a four-year high in the current rabi season.
* Stockists are showing interest in buying on recent downfall in prices triggering short covering.
* In Unjha, a major spot market, the price ended at 28109.6 Rupees gained by 0.63 percent.
BUY JEERA APR @ 25000 SL 24700 TGT 25500-25800. NCDEX
DHANIYA
Observations
* Dhaniya trading range for the day is 7950-8386.
* Dhaniya gained amid lower sowing and robust export demand.
* However, upside seen limited amid huge stocks with farmers and stockists.
* In Nov 2023 around 3,058.06 tonnes of dhaniya was exported as against 3,918.54 tonnes in Oct 2023 showing a drop of 21.96%.
* In Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.
BUY DHANIYA APR @ 8200 SL 8100 TGT 8300-8400. NCDEX
TURMERIC
Observations
*| Turmeric trading range for the day is 16684-17840.
* Turmeric prices gained supported by reduced supplies in the spot market.
* However, upside seen limited as buying activities has been slower in expectation of new crops.
* Export has been slow down in recent months and expected to increase in wake of series of festivals ahead.
* In Nizamabad, a major spot market, the price ended at 15414.35 Rupees dropped by -0.68 percent.
BUY TURMERIC APR @ 17800 SL 17500 TGT 18200-18500. NCDEX