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Jeera

Observations

Jeera trading range for the day is 26150-27730. Jeera 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 31914.5 Rupees dropped by -0.56 percent.

BUY JEERA MAR @ 26500 SL 26000 TGT 27000-27400. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 7780-7992. Dhaniya settled flat 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 7399.05 Rupees gained by 0.13 percent.

BUY DHANIYA JAN @ 7800 SL 7700 TGT 7900-8000. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 12602-13818. Turmeric rose due to potential yield losses caused by unfavorable weather conditions. Support is evident for improved export opportunities. Buying activities have been slower in anticipation ahead of new crops in January 2024. In Nizamabad, a major spot market, the price ended at 12945.25 Rupees dropped by -0.88 percent.

BUY TURMERIC APR @ 13200 SL 13000 TGT 13500-13700. NCDEX