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JEERA

Observations

Jeera trading range for the day is 25550-26730.

Jeera prices dropped due to higher production prospects

In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022

Stockists are showing interest in buying on recent downfall in prices triggering short covering.

In Unjha, a major spot market, the price ended at 29807.4 Rupees dropped by -0.32 percent.

BUY JEERA MAR @ 26000 SL 25500 TGT 26600-27000. NCDEX

DHANIYA

Observations

Dhaniya trading range for the day is 7706-7886.

Dhaniya gains 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 @ 7750 SL 7650 TGT 7850-7950. NCDEX

TURMERIC

Observations

Turmeric trading range for the day is 15040-15600.

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 14170.55 Rupees dropped by -1.06 percent.

BUY TURMERIC APR @ 15200 SL 15000 TGT 15300-15600. NCDEX