BUY TURMERIC APR @ 12200 SL 11900 TGT 12500-12800. NCDEX - Kedia Advisory
JEERA
BUY JEERA MAR @ 21000 SL 20700 TGT 21300-21500. NCDEX
Observations
Jeera trading range for the day is 20800-21460.
Jeera dropped as demand is low and the current export business is being met from the available stock.
The current season is expected to have similar production levels as last year due to better crop conditions.
However downside seen limited as the start of the new crop of cumin in Gujarat has been delayed by about a month. In Unjha, a major spot market, the price ended at 21094.85 Rupees gained by 0.02 percent
DHANIYA
BUY DHANIYA APR @ 8000 SL 7900 TGT 8100-8200. NCDEX
Observations
Dhaniya trading range for the day is 7940-8116.
Dhaniya 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 7688.4 Rupees dropped by -0.16 percent.
TURMERIC
BUY TURMERIC APR @ 12200 SL 11900 TGT 12500-12800. NCDEX
Observations
Turmeric trading range for the day is 12156-12504.
Turmeric prices dropped as arrival of new turmeric crop has started.
New turmeric crop is arriving in Nizamabad and Hingoli Mandi.
However downside seen limited as new crop yields are expected to be 10-15% lower this year.
In Nizamabad, a major spot market, the price ended at 12648.75 Rupees dropped by -1.57 percent.
