Buy Jeera May @ 21800 SL 21500 TGT 22100-22400. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAY @ 21800 SL 21500 TGT 22100-22400. NCDEX
Observations
Jeera trading range for the day is 21500-22600.
Jeera dropped due to comfortable supplies and tepid export interest.
Gujarat saw 27,300 bags arrive, up from 24,000 bags, exerting further downward pressure.
Supply trends remain crucial, as near-term supplies remain tight due to limited arrivals from Rajasthan.
In Unjha, a major spot market, the price ended at 22817.25 Rupees dropped by -0.4 percent.
Dhaniya
BUY DHANIYA MAY @ 7400 SL 7300 TGT 7500-7600. NCDEX
Observations
Dhaniya trading range for the day is 7368-7560.
Dhaniya gained on short covering after prices gained due to higher arrivals and limited domestic and export demand
Total arrivals across Gujarat are estimated at 57,500 bags (1 bag = 40 kg).
A large amount of old stock coming into the market as well as new crop weighed on prices.
In Gondal, a major spot market, the price ended at 7402.35 Rupees gained by 0.6 percent.
Turmeric
BUY TURMERIC MAY @ 13600 SL 13300 TGT 13900-14100. NCDEX
Observations
Turmeric trading range for the day is 13448-14276.
Turmeric dropped due to weak domestic demand and weak export enquiries.
Arrivals in key markets dropped to 51,732 bags from 74,059 the previous session
Lingering worries over slow rhizome growth and low yields limited further downside in prices.
In Nizamabad, a major spot market, the price ended at 14510.4 Rupees dropped by -0.77 percent.
