Buy Jeera Mar @ 21600 SL 21300 TGT 21900-22100. NCDEX
Jeera
BUY JEERA MAR @ 21600 SL 21300 TGT 21900-22100. NCDEX
Observations
Jeera trading range for the day is 21520-21940.
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 22508.75 Rupees dropped by -0.31 percent.
Dhaniya
BUY DHANIYA APR @ 8250 SL 8150 TGT 8350-8450. NCDEX
Observations
Dhaniya trading range for the day is 8166-8410.
Dhaniya gains on short covering after 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 7791.85 Rupees gained by 0.06 percent.
Turmeric
BUY TURMERIC APR @ 13600 SL 13400 TGT 13900-14100. NCDEX
Turmeric trading range for the day is 13164-14156.
Turmeric prices gained as new crop yields are expected to be 10-15% lower this year.
Support also seen 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 13519.75 Rupees dropped by -0.65 percent.
