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Jeera

Observations

Jeera trading range for the day is 22360-22820.

Jeera gains on low level buying amid shortage of stocks is contributing.

However upside seen limited as demand is low and the current export business is being met from the available stock.

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 23309.25 Rupees dropped by -0.33 percent.

BUY JEERA MAR @ 22400 SL 22200 TGT 22700-22900. NCDEX

Dhaniya

Observations

Dhaniya trading range for the day is 8540-8676.

Dhaniya gains on low level buying after prices dropped due to the off-season and good sowing reports.

Further, the cool weather is proving favourable for the crops, and there are no significant reports of damage.

With export opportunities yet to materialise, the market will now depend on the arrival of fresh crops.

In Gondal, a major spot market, the price ended at 7874.3 Rupees gained by 0.21 percent.

BUY DHANIYA APR @ 8550 SL 8450 TGT 8650-8750. NCDEX

Turmeric

Observations

Turmeric trading range for the day is 14118-14530.

Turmeric dropped as harvesting has commenced in Karnataka and Andhra Pradesh and is expected to commence in Telangana.

However downside seen limited amid concerns over slow growth of rhizomes and low yield estimates persist.

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 13955.9 Rupees gained by 0.03 percent.

BUY TURMERIC APR @ 14200 SL 14000 TGT 14500-14700. NCDEX