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18-12-2024 12:01 PM | Source: Kedia Advisory
Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory

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Jeera

Observations

Jeera trading range for the day is 23830-24170.

Jeera prices gained as sowing has been delayed

Higher day temperatures in the past few weeks has impacted the seeding of jeera and has also led to poor germination in various places.

In Gujarat, jeera sowing has taken place in only 57,915 hectares till November 25 during the rabi 2024-25 cropping season.

In Unjha, a major spot market, the price ended at 24428.15 Rupees dropped by -0.17 percent.

BUY JEERA JAN @ 23900 SL 23600 TGT 24200-24500. NCDEX

 

Dhaniya

Observations

Dhaniya trading range for the day is 7760-7904.

Dhaniya prices gained driven by the opening of export markets

Sowing has been delayed due to excessive soil moisture, limiting future supply.

Lower carryover stocks at production centers further tighten the market.

In Gondal, a major spot market, the price ended at 7767.4 Rupees gained by 0.66 percent.

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

 

Turmeric

Observations

Turmeric trading range for the day is 13770-14786.

Turmeric gains on strong buying activity amid reports of low supplies till the arrival of new crop.

However upside seen limited as turmeric crop is reported to be in good to excellent condition.

In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.

In Nizamabad, a major spot market, the price ended at 13821.65 Rupees gained by 0.36 percent.

BUY TURMERIC APR @ 14200 SL 13900 TGT 14500-14700. NCDEX

 

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