BUY TURMERIC APR @ 16800 SL 16500 TGT 17100-17400. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 23250-25190.
Jeera gains as weather issues and delayed sowing are keeping cumin prices strong.
Jeera gains as weather issues and delayed sowing are keeping cumin prices strong.
However upside seen limited due to comfortable supplies and tepid export interest amid adequate existing stocks.
In Unjha, a major spot market, the price ended at 23777.9 Rupees gained by 0.31 percent.
BUY JEERA MAR @ 24000 SL 23800 TGT 24400-24700. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 10778-12058.
Dhaniya surged driven by lower sowing and rising crop risks.
In Gujarat, acreage declined by 3.78% to 125,510 hectares, signaling a potential production shortfall.
Prices are also finding support from weather-related threats in Rajasthan’s key producing districts, where frost and powdery mildew risks have increased.
In Gondal, a major spot market, the price ended at 10536.45 Rupees gained by 0.17 percent.
BUY DHANIYA APR @ 11400 SL 11200 TGT 11700-11900. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 15918-17498.
Turmeric gained as arrivals remain below normal and good domestic and international demand.
It is reported that both farmers and stockists have significantly reduced their stocks.
However upside seen limited amid increase in acreage due to favourable rains during the current sowing season.
In Nizamabad, a major spot market, the price ended at 16458.1 Rupees dropped by -0.37 percent.
BUY TURMERIC APR @ 16800 SL 16500 TGT 17100-17400. NCDEX
