Buy Turmeric APR @ 17500 SL 17200 TGT 17900-18200. NCDEX - Kedia Advisory
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Jeera
Jeera trading range for the day is 23020-24220. Jeera gains on low level buying after prices dropped as jeera acreage hits a four-year high Support also seen in wake of emerging weather risk in Rajasthan and Gujarat that may affect the yield. Stockists are showing interest in buying on recent downfall in prices triggering short covering. In Unjha, a major spot market, the price ended at 25836.2 Rupees gained by 0.57 percent.
BUY JEERA APR @ 23500 SL 23200 TGT 24000-24400. NCDEX
Dhaniya
Dhaniya trading range for the day is 7546-7886. Dhaniya gained amid lower sowing and robust export demand. However, upside seen limited amid huge stocks with farmers and stockists. In Nov 2023 around 3,058.06 tonnes of dhaniya was exported as against 3,918.54 tonnes in Oct 2023 showing a drop of 21.96%. In Nov 2023 around 7,320.13 tonnes of dhaniya was imported as against 4,511.95 tonnes in Oct 2023 showing a rise of 62.23%.
BUY DHANIYA APR @ 7700 SL 7600 TGT 7800-7900. NCDEX
Turmeric
Turmeric trading range for the day is 17154-18270. Turmeric prices gained amid below normal supplies Festivals ahead in coming months and commencement of wedding season demand is likely to keep buyers engage. Production is likely to be dropped by about 14% Y-o-Y due to lower area under turmeric. In Nizamabad, a major spot market, the price ended at 16599.95 Rupees gained by 1.32 percent.
BUY TURMERIC APR @ 17500 SL 17200 TGT 17900-18200. NCDEX
