Powered by: Motilal Oswal
06-12-2024 10:07 AM | Source: Kedia Advisory
Buy Jeera Dec @ 23700 SL 23400 TGT 24000-24200. NCDEX - Kedia Advisory

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Jeera

Observations

Jeera trading range for the day is 22900-25280.

Jeera dropped on profit booking after prices gained as sowing has been delayed.

Higher day temperatures in the past few weeks has impacted the seeding of jeera and has also led to poor germination in various places.

In Gujarat, jeera sowing has taken place in only 57,915 hectares till November 25 during the rabi 2024-25 cropping season.

In Unjha, a major spot market, the price ended at 24526.2 Rupees dropped by -0.01 percent

BUY JEERA DEC @ 23700 SL 23400 TGT 24000-24200. NCDEX

 

Dhaniya

Observations

Dhaniya trading range for the day is 7754-7882.

Dhaniya dropped on profit booking after prices gained driven by the opening of export markets

Sowing has been delayed due to excessive soil moisture, limiting future supply.

Lower carryover stocks at production centers further tighten the market. In Gondal, a major spot market, the price ended at 7787.9 Rupees dropped by -0.22 percent.

BUY DHANIYA DEC @ 7800 SL 7700 TGT 7900-8000. NCDEX

 

Turmeric

Observations

Turmeric trading range for the day is 13070-13434.

Turmeric dropped on profit booking after prices gained on strong buying activity amid reports of low supplies.

Turmeric arrivals rose to 9,030 bags from 7,965 bags in the previous session.

Although crop acreage has improved, delay in harvesting due to prolonged rains may impact the timelines of fresh supplies.

In Nizamabad, a major spot market, the price ended at 13915.05 Rupees dropped by -0.53 percent.

BUY TURMERIC DEC @ 13200 SL 12900 TGT 13600-13900. NCDEX

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer