Buy Jeera Mar @ 22200 SL 21900 TGT 22500-22700. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 22020-22500.
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 23127.05 Rupees dropped by -0.32 percent.
BUY JEERA MAR @ 22200 SL 21900 TGT 22500-22700. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 8308-8464.
Dhaniya prices dropped due to the off-season and good sowing reports.
Further, the cool weather is proving favourable for the crops, and there are no significant reports of damage.
With export opportunities yet to materialise, the market will now depend on the arrival of fresh crops.
In Gondal, a major spot market, the price ended at 7833.2 Rupees dropped by -0.18 percent.
BUY DHANIYA APR @ 8350 SL 8250 TGT 8450-8550. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13556-14080.
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 13756.2 Rupees dropped by -1.53 percent.
BUY TURMERIC APR @ 13700 SL 13500 TGT 14000-14200. NCDEX
