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2026-02-02 11:26:07 am | Source: Kedia Advisory
Buy Jeera trading range for the day is 23210-23830 - Kedia Advisory
Buy Jeera trading range for the day is 23210-23830  - Kedia Advisory

Jeera

BUY JEERA MAR @ 23200 SL 22900 TGT 23500-23700. NCDEX

Observations

Jeera trading range for the day is 23210-23830.

Jeera dropped due to comfortable supplies and tepid export interest amid adequate existing stocks.

In Gujarat, Jeera sowing seen at 398438 hectares down by 16.31% compared to last years 476097 hectares.

However downside seen limited as weather issues and delayed sowing are keeping cumin prices strong.

In Unjha, a major spot market, the price ended at 23818.5 Rupees dropped by -0.21 percent.

 

Dhaniya

BUY DHANIYA APR @ 11500 SL 11300 TGT 11700-11900. NCDEX

Observations

Dhaniya trading range for the day is 11484-11792.

Dhaniya dropped on profit booking after prices surged driven by lower sowing and rising crop risks.

In Gujarat, acreage declined by 3.78% to 125,510 hectares, signaling a potential production shortfall.

Prices are also finding support from weather-related threats in Rajasthan’s key producing districts, where frost and powdery mildew risks have increased.

In Gondal, a major spot market, the price ended at 10601.4 Rupees dropped by -0.33 percent.

 

Turmeric

BUY TURMERIC APR @ 16100 SL 15800 TGT 16400-16600. NCDEX

Observations

Turmeric trading range for the day is 15912-16968.

Turmeric dropped amid increase in acreage due to favourable rains during the current sowing season.

India’s turmeric crop for the 2026 harvest is shaping up with higher acreage but only moderate supply growth.

However downside seen limited as arrivals remain below normal and good domestic and international demand.

In Nizamabad, a major spot market, the price ended at 16508.4 Rupees gained by 0.31 percent.

 

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