Buy Jeera Jan @ 30500 SL 30000 TGT 31200-31600. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 29370-33110.
Jeera 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 @ 30500 SL 30000 TGT 31200-31600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7052-7484.
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 @ 7200 SL 7100 TGT 7300-7400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13754-14478.
Turmeric dropped as buying activities has been slower in expectation of commencement of new crops.
Pressure also seen amid improved crop condition due to favorable weather condition.
However, downside seen limited due to the potential for yield losses caused by the crop's unfavourable weather.
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
