Buy Jeera Mar @ 26500 SL 26000 TGT 27200-27600. NCDEX - Kedia Advisory
Jeera:
Observations:
Jeera trading range for the day is 25430-27930.
Jeera gains on low level buying after 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 30493.1 Rupees gained by 0.55 percent.
BUY JEERA MAR @ 26500 SL 26000 TGT 27200-27600. NCDEX
Dhaniya:
Observations:
Dhaniya trading range for the day is 7576-7792.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited due to slower sowing progress for the upcoming season.
In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022.
In Gondal, a major spot market, the price ended at 7421.85 Rupees dropped by -0.08 percent.
BUY DHANIYA JAN @ 7650 SL 7550 TGT 7750-7850. NCDEX
Turmeric:
Observations:
Turmeric trading range for the day is 12576-14228.
Turmeric gains due to the potential for yield losses caused by the crop's unfavourable weather
Support is also evident for improved export opportunities
However, upside seen limited as buying activities has been slower ahead of commencement of new crops.
In Nizamabad, a major spot market, the price ended at 12887.6 Rupees dropped by -0.25 percent
