Buy Jeera Mar @ 27000 SL 26500 TGT 27500-27800. NCDEX - Kedia Advisory
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Jeera:
Observations:
Jeera trading range for the day is 26510-27590.
Jeera gained on short covering 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 32097.9 Rupees gained by 0.12 percent.
BUY JEERA MAR @ 27000 SL 26500 TGT 27500-27800. NCDEX
Dhaniya:
Observations:
Dhaniya trading range for the day is 7722-7886.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited amid lower sowing and robust export demand.
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 @ 7800 SL 7700 TGT 7900-8000. NCDEX
Turmeric:
Observations:
Turmeric trading range for the day is 15078-16178.
Turmeric dropped on profit booking after prices gained supported by reduced supplies.
Delayed harvesting of new crop and tighter ending stocks is likely to keep market sentiments up
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 13830.55 Rupees dropped by -0.6 percent.
BUY TURMERIC APR @ 15300 SL 15100 TGT 15600-15800. NCDEX
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