Buy Jeera Mar @ 21200 SL 20900 TGT 21500-21700. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAR @ 21200 SL 20900 TGT 21500-21700. NCDEX
Observations
Jeera trading range for the day is 21070-2159
Jeera gains as the start of the new crop of cumin in Gujarat has been delayed by about a month.
However upside seen limited as demand is low and the current export business is being met from the available stock.
The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.
In Unjha, a major spot market, the price ended at 21331.5 Rupees dropped by -0.72 percent.
Dhaniya
BUY DHANIYA APR @ 8000 SL 7900 TGT 8100-8200. NCDEX
Observations
Dhaniya trading range for the day is 7984-8188.
Dhaniya prices dropped due to heavy arrivals and weak demand.
A large amount of old stock coming into the market as well as preparation for new crop weighed on prices.
Coriander arrivals in Gujarat reached 9,250 bags, much higher than the usual 500-700 bags.
In Gondal, a major spot market, the price ended at 7729.35 Rupees dropped by -0.15 percent
Turmeric
BUY TURMERIC APR @ 12400 SL 12100 TGT 12700-12900. NCDEX
Observations
Turmeric trading range for the day is 12326-12642.
Turmeric prices dropped as arrival of new turmeric crop has started.
New turmeric crop is arriving in Nizamabad and Hingoli Mandi.
However downside seen limited as new crop yields are expected to be 10-15% lower this year. In Nizamabad, a major spot market, the price ended at 12849.9 Rupees dropped by -1.71 percent.
