Buy Jeera Mar @ 26500 SL 26000 TGT 27000-27500. NCDEX - Kedia Advisory
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Jeera:
Observations:
Jeera trading range for the day is 26300-27340.
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 31062.4 Rupees dropped by -0.57 percent.
BUY JEERA MAR @ 26500 SL 26000 TGT 27000-27500. NCDEX
Dhaniya:
Observations:
Dhaniya trading range for the day is 7570-8190.
Dhaniya gains due to slower sowing progress for the upcoming season.
Support also seen increased festive buying along with robust export demand.
However, upside seen limited amid huge stocks with farmers and stockists.
In Gondal, a major spot market, the price ended at 7405.65 Rupees gained by 0.67 percent.
BUY DHANIYA APR @ 7900 SL 7800 TGT 8000-8100. NCDEX
Turmeric:
Observations:
Turmeric trading range for the day is 13562-15294.
Turmeric gains amid weaker production prospects and tighter stocks in the market.
While Support is also evident for improved export opportunities
However, upside seen limited as buying activities has been slower in expectation new crops.
BUY TURMERIC APR @ 14500 SL 14200 TGT 14800-15000. NCDEX
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