Buy Turmeric Apr @ 11850 SL 11600 TGT 12200-12400. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAR @ 21200 SL 20900 TGT 21500-21700. NCDEX
Observations
Jeera trading range for the day is 21120-21640.
Jeera gains as the start of the new crop of cumin in Gujarat has been delayed by about a month.
The current season is expected to have similar production levels as last year due to better crop conditions.
However upside seen limited as demand is low and the current export business is being met from the available stock.
In Unjha, a major spot market, the price ended at 21212 Rupees dropped by -0.4 percent.
Dhaniya
BUY DHANIYA APR @ 7950 SL 7850 TGT 8050-8150. NCDEX
Observations
Dhaniya trading range for the day is 7946-8034.
Dhaniya gained on low level buying after prices dropped due to heavy arrivals and weak demand.
A large amount of old stock coming into the market as well as preparation for new crop weighed on prices.
Coriander arrivals in Gujarat reached 9,250 bags, much higher than the usual 500-700 bags.
In Gondal, a major spot market, the price ended at 7705.25 Rupees gained by 0.52 percent.
Turmeric
BUY TURMERIC APR @ 11850 SL 11600 TGT 12200-12400. NCDEX
Observations
Turmeric trading range for the day is 11786-12142.
Turmeric rose as new crop yields are expected to be 10-15% lower this year.
Support also seen amid concerns over slow growth of rhizomes and low yield estimates persist.
However upside seen limited as arrival of new turmeric crop has started.
In Nizamabad, a major spot market, the price ended at 12579.75 Rupees dropped by -0.78 percent.
