BUY TURMERIC APR @ 14200 SL 14000 TGT 14500-14700. NCDEX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
JEERA
Observations
Jeera trading range for the day is 34540-37740.
Jeera prices gained on short covering after prices dropped as farmers insisted on sowing cumin.
An increase in sowing of about 13 percent has been recorded in the area of cumin in Rajasthan.
Stockists are showing interest in buying on recent downfall in prices triggering short covering. In Unjha, a major spot market, the price ended at 38302.25 Rupees gained by 0.43 percent.
BUY JEERA JAN @ 36300 SL 35800 TGT 37000-37500. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7458-7674.
Dhaniya dropped on profit booking after prices gained amid improved export and reports of slower sowing.
Support also seen increased festive buying along with robust export demand.
In Gujarat, Coriander sowing drastic fall nearly -64% with 56,737.00 hectares against sown area of 2022 In Gondal, a major spot market, the price ended at 7802.25 Rupees dropped by -0.49 percent
BUY DHANIYA JAN @ 7500 SL 7400 TGT 7600-7700. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 13972-14616.
Turmeric dropped as buying activities has been slower in expectation of release of stocks In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13198.85 Rupees gained by 0.7 percent
BUY TURMERIC APR @ 14200 SL 14000 TGT 14500-14700. NCDEX
