Buy Jeera Mar @ 27000 SL 26500 TGT 27500-27800. NCDEX - Kedia Advisory
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JEERA
Observation
Jeera trading range for the day is 25890-28730.
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 30674.5 Rupees dropped by -0.45 percent.
BUY JEERA MAR @ 27000 SL 26500 TGT 27500-27800. NCDEX
DHANIYA
Observation
Dhaniya trading range for the day is 7474-8074.
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
Observation
Turmeric trading range for the day is 15076-15932.
Turmeric dropped as buying activities has been slower in expectation of new crops.
However, downside seen limited supported by reduced supplies in the spot market.
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 14359.75 Rupees gained by 1.18 percent.
BUY TURMERIC APR @ 15200 SL 15000 TGT 15300-15600. NCDEX
