Buy Jeera Mar @ 27000 SL 26600 TGT 27500-27800. NCDEX - Kedia Advisory
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Jeera:
Observations:
Jeera trading range for the day is 26820-27480.
Jeera gains 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 32840.3 Rupees gained by 0.17 percent.
BUY JEERA MAR @ 27000 SL 26600 TGT 27500-27800. NCDEX
Dhaniya:
Observations:
Dhaniya trading range for the day is 7658-7894.
Dhaniya prices 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 @ 7700 SL 7600 TGT 7800-7900. NCDEX
Turmeric:
Observations:
Turmeric trading range for the day is 14804-15680.
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 13879.7 Rupees dropped by -0.45 percent.
BUY TURMERIC APR @ 15000 SL 14700 TGT 15400-15600. NCDEX
