Buy Turmeric APR @ 12800 SL 12500 TGT 13100-13300. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAR @ 21400 SL 21100 TGT 21700-21900. NCDEX
Observations
Jeera trading range for the day is 20490-23190.
Jeera dropped as demand is low and the current export business is being met from the available stock.
The start of the new crop of cumin in Gujarat has also been delayed by about a month.
Due to unfavourable weather, this time the start of sowing of cumin in Gujarat and Rajasthan was delayed by about a month.
In Unjha, a major spot market, the price ended at 21949.75 Rupees gained by 0.46 percent.
Dhaniya
BUY DHANIYA APR @ 8100 SL 8000 TGT 8200-8300. NCDEX
Observations
Dhaniya trading range for the day is 8108-8240.
Dhaniya gains 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 7715.15 Rupees dropped by -0.43 percent.
Turmeric
BUY TURMERIC APR @ 12800 SL 12500 TGT 13100-13300. NCDEX
Observations
Turmeric trading range for the day is 12030-13506.
Turmeric gains 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.
Farmers have indicated that the yield may be lower than expected.
In Nizamabad, a major spot market, the price ended at 12948.9 Rupees dropped by -0.36 percent.
