Buy Turmeric Apr @ 13200 SL 13000 TGT 13500-13700. NCDEX - Kedia Advisory
Jeera
BUY JEERA MAR @ 20000 SL 19700 TGT 20300-20500. NCDEX
Observations
Jeera trading range for the day is 19740-20820.
Jeera dropped as demand is low and the current export business is being met from the available stock.
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 20464.45 Rupees gained by 0.6 percent.
Dhaniya
BUY DHANIYA APR @ 8150 SL 8050 TGT 8250-8350. NCDEX
Observations
Dhaniya trading range for the day is 8114-8278.
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 7729.35 Rupees gained by 0.07 percent.
Turmeric
BUY TURMERIC APR @ 13200 SL 13000 TGT 13500-13700. NCDEX
Observations
Turmeric trading range for the day is 13042-13582.
Turmeric dropped on weak demand and marginal improvement in arrivals.
However downside seen limited as new crop yields are expected to be 10-15% lower this year.
Farmers have indicated that the yield may be lower than expected.
In Nizamabad, a major spot market, the price ended at 13334.95 Rupees gained by 0.12 percent.
