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Jeera

BUY JEERA MAR @ 21600 SL 21300 TGT 21900-22100. NCDEX

Observations

Jeera trading range for the day is 21640-22020.

Jeera gains on low level buying and amid shortage of stocks.

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 22419.85 Rupees dropped by -0.09 percent.

Dhaniya

BUY DHANIYA APR @ 8250 SL 8150 TGT 8350-8450. NCDEX

Observations

Dhaniya trading range for the day is 8222-8358.

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 7789.2 Rupees gained by 0.36 percent.

Turmeric

BUY TURMERIC APR @ 13600 SL 13400 TGT 13900-14100. NCDEX

Observations

Turmeric trading range for the day is 13406-13966.

Turmeric prices dropped on weak demand and marginal improvement in arrivals.

With harvesting going well and maximum crop expected to arrive in a month.

With the arrival of new crop likely to increase after Makar Sankranti, supply is expected to increase.

In Nizamabad, a major spot market, the price ended at 13593.45 Rupees gained by 0.55 percent.