Buy Turmeric Apr @ 13100 SL 12800 TGT 13400-13600. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAR @ 21000 SL 20700 TGT 21300-21500. NCDEX
Observations
Jeera trading range for the day is 20690-21630.
Jeera gains on low level buying after prices dropped as demand is low
However, 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.
The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.
In Unjha, a major spot market, the price ended at 21514.5 Rupees dropped by -0.02 percent.
Dhaniya
BUY DHANIYA APR @ 8100 SL 8000 TGT 8200-8300. NCDEX
Observations
Dhaniya trading range for the day is 8066-8230.
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 7750.15 Rupees dropped by -0.29 percent.
Turmeric
BUY TURMERIC APR @ 13100 SL 12800 TGT 13400-13600. NCDEX
Observations
Turmeric trading range for the day is 12994-13454.
Turmeric dropped on weak demand and marginal improvement in arrivals.
As new crop continues to arrive, arrivals are expected to remain high.
With the arrival of new crop likely to increase after Makar Sankranti, supply is expected to increase.
In Nizamabad, a major spot market, the price ended at 13372.85 Rupees gained by 0.28 percent.
