Buy Jeera Mar @ 24200 SL 23700 TGT 24800-25200. NCDEX - Kedia Advisory
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JEERA
Observations
Jeera trading range for the day is 23720-24920.
Jeera gained on low level buying after prices dropped due to higher production prospects.
Jeera acreage hits a four-year high in the current rabi season
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 27576.75 Rupees gained by 1.66 percent.
BUY JEERA MAR @ 24200 SL 23700 TGT 24800-25200. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7856-8256.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited amid lower sowing and robust export demand.
In Nov 2023 around 3,058.06 tonnes of dhaniya was exported as against 3,918.54 tonnes in Oct 2023 showing a drop of 21.96%.
In Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.
SELL DHANIYA APR @ 8050 SL 8150 TGT 7950-7850. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 16270-17102.
Turmeric gains supported by reduced supplies in the spot market.
However, upside seen limited as buying activities has been slower in expectation of new crops.
Export has been slow down in recent months and expected to increase in wake of series of festivals ahead.
In Nizamabad, a major spot market, the price ended at 14829.8 Rupees gained by 1.42 percent.
BUY TURMERIC APR @ 16400 SL 16100 TGT 16800-17000. NCDEX
