Buy Jeera Mar @ 25800 SL 25400 TGT 26300-26600. NCDEX - Kedia Advisory
JEERA
Observations
* Jeera trading range for the day is 24310-27390.
* Jeera gained in wake of emerging weather risk in Rajasthan and Gujarat may affect the yield.
* However, upside seen limited as 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 27542.1 Rupees gained by 0.64 percent.
BUY JEERA MAR @ 25800 SL 25400 TGT 26300-26600. NCDEX
DHANIYA
Observations
* Dhaniya trading range for the day is 7950-8386.
* Dhaniya gained amid lower sowing and robust export demand. 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 @ 8100 SL 8000 TGT 8250-8350. NCDEX
TURMERIC
Observations
* Turmeric trading range for the day is 16684-17840.
* 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 15414.35 Rupees dropped by -0.68 percent.
BUY TURMERIC APR @ 17200 SL 17000 TGT 17500-17800. NCDEX
