Buy Jeera Mar @ 21600 SL 21300 TGT 21900-22100. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 21340-22320.
Jeera dropped as demand is low and the current export business is being met from the available stock.
However downside seen limited amid shortage of stocks is contributing.
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 22752.7 Rupees dropped by -0.27 percent.
BUY JEERA MAR @ 21600 SL 21300 TGT 21900-22100. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 8206-8406.
Dhaniya prices remained under pressure 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 7782.2 Rupees dropped by -0.03 percent.
BUY DHANIYA APR @ 8250 SL 8150 TGT 8350-8450. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13124-13996.
Turmeric dropped as harvesting has commenced in Karnataka and Andhra Pradesh and is expected to commence in Telangana.
However downside seen limited amid concerns over slow growth of rhizomes and low yield estimates persist.
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 13607.85 Rupees dropped by -1.08 percent.
BUY TURMERIC APR @ 13400 SL 13100 TGT 13700-13900. NCDEX
