Buy Jeera Jan @ 32500 SL 32000 TGT 33500-34200. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 31220-34140.
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 30983.5 Rupees gained by 0.42 percent.
BUY JEERA JAN @ 32500 SL 32000 TGT 33500-34200. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 6786-7258.
Dhaniya gains due to slower sowing progress for the upcoming season.
However, upside seen limited amid huge stocks with farmers and stockists.
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 7429 Rupees dropped by -0.7 percent.
BUY DHANIYA JAN @ 6900 SL 6800 TGT 7020-7120. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13582-14018.
Turmeric gains due to the potential for yield losses caused by the crop's unfavourable weather.
However, upside seen limited as buying activities has been slower in expectation of release of stocks.
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 13156.9 Rupees dropped by -1.07 percent.
BUY TURMERIC APR @ 13600 SL 13400 TGT 13900-14200. NCDEX
