Buy Turmeric Apr @ 12800 SL 12500 TGT 13200-13400. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 25630-26750.
Jeera gains on short covering after prices dropped due to higher production prospects
In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown area of 2022
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 30858.15 Rupees dropped by -0.35 percent.
BUY JEERA MAR @ 26000 SL 25500 TGT 26500-26800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 7626-7866.
Dhaniya dropped amid huge stocks with farmers and stockists.
However, downside seen limited due to slower sowing progress for the upcoming season.
In Gujarat, Coriander sowing fall by nearly -47% with 114,832.00 hectares against sown area of 2022.
In Gondal, a major spot market, the price ended at 7421.85 Rupees dropped by -0.08 percent.
BUY DHANIYA JAN @ 7700 SL 7600 TGT 7800-7900. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 12454-13330.
Turmeric dropped as buying activities has been slower.
Pressure also seen amid improved crop condition due to favorable weather condition.
However, downside seen limited due to the potential for yield losses caused by the crop's unfavourable weather.
In Nizamabad, a major spot market, the price ended at 12887.6 Rupees dropped by -0.25 percent.
BUY TURMERIC APR @ 12800 SL 12500 TGT 13200-13400. NCDEX
