Buy Jeera Mar @ 26800 SL 26400 TGT 27400-27800. NCDEX -Kedia Advisory
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Jeera:
Observations:
Jeera trading range for the day is 26250-27910.
Jeera gained 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 30969.05 Rupees gained by 0.03 percent.
BUY JEERA MAR @ 26800 SL 26400 TGT 27400-27800. NCDEX
Dhaniya:
Observations:
Dhaniya trading range for the day is 7824-8224.
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 7398.8 Rupees dropped by -0.87 percent.
BUY DHANIYA APR @ 8000 SL 7900 TGT 8120-8250. NCDEX
Turmeric:
Observations:
Turmeric trading range for the day is 14688-16052.
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
In Nizamabad, a major spot market, the price ended at 13584.25 Rupees gained by 4.31 percent.
BUY TURMERIC APR @ 15300 SL 15000 TGT 15600-15800. NCDEX
