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JEERA

Observations

* Jeera trading range for the day is 24630-26610.

* 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 28153.65 Rupees dropped by -0.49 percent.

BUY JEERA MAR @ 25500 SL 25200 TGT 26000-26300. NCDEX

DHANIYA

Observations

* Dhaniya trading range for the day is 7998-8430.

* 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 @ 8200 SL 8100 TGT 8300-8400. NCDEX

TURMERIC

Observations

* Turmeric trading range for the day is 16442-18298.

* Turmeric prices gained 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 15585.35 Rupees gained by 2.77 percent.

BUY TURMERIC APR @ 17200 SL 16800 TGT 17600-17900. NCDEX