Buy Turmeric Apr @ 13000 SL 12700 TGT 13300-13500. NCDEX - Kedia Advisory
Jeera
BUY JEERA APR @ 22000 SL 21700 TGT 22300-22600. NCDEX
Observations
Jeera trading range for the day is 21490-22430.
Jeera gains amid price support from domestic demand, as well as export activity.
Only 3-4 lakh bags are expected to be traded by the end of the season, leaving a carry-forward stock of about 16 lakh bags.
However downside seen limited amid price support from domestic demand, as well as export activity from Gulf countries.
In Unjha, a major spot market, the price ended at 21596.2 Rupees dropped by -0.34 percent.
Dhaniya
BUY DHANIYA APR @ 7850 SL 7750 TGT 7950-8050. NCDEX
Observations
Dhaniya trading range for the day is 7750-8082.
Dhaniya gains on short covering 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 7758.75 Rupees dropped by -0.04 percent.
Turmeric
BUY TURMERIC APR @ 13000 SL 12700 TGT 13300-13500. NCDEX
Observations
Turmeric trading range for the day is 12404-14056.
Turmeric prices dropped on profit booking after as arrival of new turmeric crop has started.
This season the area under turmeric was recorded as 3.30 lakh hectares, which is 10 percent more than the area of about 3 lakh hectares in the previous season.
Exports continued to pick up in the second half of 2024, with shipments reaching a four-year high, surpassing 2020's volume of 1.75 lakh tonnes.
In Nizamabad, a major spot market, the price ended at 13428.45 Rupees gained by 0.71 percent.
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