Buy Jeera March @ 27200 SL 26700 TGT 27800-28200. NCDEX - Kedia Advisory
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Jeera:
Observations:
Jeera trading range for the day is 26770-28090
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 32354.45 Rupees gained by 0.05 percent.
BUY JEERA MAR @ 27200 SL 26700 TGT 27800-28200. NCDEX
Dhaniya:
Observations:
Dhaniya trading range for the day is 7688-7892.
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 15102-15998.
Turmeric 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 13943.05 Rupees gained by 0.81 percent.
BUY TURMERIC APR @ 15400 SL 15200 TGT 15700-15900. NCDEX
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