Buy Jeera Jan @ 29500 SL 29000 TGT 30200-30600. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 27460-30800.
Jeera gains on on low level recovery after prices dropped due to higher production prospects
In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022
Stockists are showing interest in buying on recent downfall in prices triggering short covering. In Unjha, a major spot market, the price ended at 33356.15 Rupees dropped by -0.84 percent.
BUY JEERA JAN @ 29500 SL 29000 TGT 30200-30600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6936-7236.
Dhaniya dropped amid huge stocks with farmers and stockists. However, downside seen limited due to slower sowing progress for the upcoming season.
In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022.
In Gondal, a major spot market, the price ended at 7569.45 Rupees dropped by -0.21 percent.
BUY DHANIYA JAN @ 7000 SL 6900 TGT 7100-7200. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13780-14352.
Turmeric benefits from potential yield losses caused by unfavorable weather.
However, upside seen limited as buying activities has been slower Turmeric exports during Apr-Oct 2023, rose by 2.63 percent at 1,02,162.94 tonnes as compared to Apr-Oct 2022.
In Nizamabad, a major spot market, the price ended at 13300.7 Rupees dropped by -0.09 percent.
BUY TURMERIC APR @ 14100 SL 13800 TGT 14400-14600. NCDEX
