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02-12-2024 11:00 AM | Source: Kedia Advisory
Buy Jeera Dec @ 25100 SL 24800 TGT 25500-25800. NCDEX - Kedia Advisory

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Jeera

Observations

Jeera trading range for the day is 24630-25690.

Jeera gained as sowing has been delayed in Gujarat and Rajasthan on weather issues.

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 24951.7 Rupees dropped by -0.03 percent.

BUY JEERA DEC @ 25100 SL 24800 TGT 25500-25800. NCDEX

 

Dhaniya

Observations

Dhaniya trading range for the day is 7496-8032.

Dhaniya gains driven by the opening of export markets and consistent demand driven by domestic purchases.

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 7777.1 Rupees dropped by 0 percent.

BUY DHANIYA DEC @ 7750 SL 7650 TGT 7850-7950. NCDEX

 

Turmeric

Observations

Turmeric trading range for the day is 13160-13876.

Turmeric rose on strong buying activity amid reports of low supplies till the arrival of new crop.

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 14119 Rupees gained by 0.32 percent.

BUY TURMERIC DEC @ 13400 SL 13100 TGT 13800-14100. NCDEX

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