Buy Jeera May @ 22100 SL 21800 TGT 22400-22600. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAY @ 22100 SL 21800 TGT 22400-22600. NCDEX
Observations
Jeera trading range for the day is 21790-22630.
Jeera prices dropped due to comfortable supplies
Total arrivals in major mandis rose to 32,900 bags from 28,000 bags, increasing supply side.
The current season is expected to have similar production levels as last year.
In Unjha, a major spot market, the price ended at 22838.65 Rupees dropped by -0.13 percent.
Dhaniya
BUY DHANIYA MAY @ 7450 SL 7350 TGT 7550-7650. NCDEX
Observations
Dhaniya trading range for the day is 7432-7520.
Dhaniya gained on short covering after prices dropped due to higher arrivals and limited domestic 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 7383.35 Rupees gained by 1.13 percent.
Turmeric
BUY TURMERIC MAY @ 13800 SL 13500 TGT 14100-14300. NCDEX
Observations
Turmeric trading range for the day is 13552-14508.
Turmeric dropped on profit booking after prices gained as arrivals dropped as farmers held back supplies.
New crop yields are expected to be 10-15% lower this year, with the Nanded region particularly affected.
Further concerns seen over slow growth of rhizomes and low yield estimates persist.
In Nizamabad, a major spot market, the price ended at 14401.45 Rupees dropped by -1.46 percent.
