Buy Jeera MAR @ 24800 SL 24400 TGT 25300-25600. NCDEX - Kedia Advisory
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JEERA
Observation
Jeera trading range for the day is 24240-25960.
Jeera gains on low level buying as emerging weather risk may affect yield adversely.
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 27641.6 Rupees dropped by -0.65 percent.
BUY JEERA MAR @ 24800 SL 24400 TGT 25300-25600. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7928-8128.
Dhaniya gains on low level buying amid weather concerns and lower sowing However, upside seen limited amid huge stocks with farmers and stockists.
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%.
BUY DHANIYA APR @ 7900 SL 7800 TGT 8050-8150. NCDEX
TURMERIC
Observation
Turmeric trading range for the day is 16484-17688.
Turmeric dropped as buying activities has been slower ahead of new crops.
However, downside seen limited supported by reduced supplies in the spot market.
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 15165.4 Rupees gained by 2.56 percent.
SELL TURMERIC APR @ 17200 SL 17500 TGT 16800-16500. NCDEX
