Jeera trading range for the day is 26380-27560- Kedia Advisory
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Jeera:
Observations:
Jeera trading range for the day is 26380-27560.
Jeera gained on short covering after prices dropped due to higher production prospects
In Gujarat, Cumin sowing witnessed very strong growth by nearly 103% with 530,030.00 hectares against sown
area of 2022
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 32228.95 Rupees gained by 0.53 percent.
BUY JEERA MAR @ 26900 SL 26500 TGT 27400-27800. NCDEX
Dhaniya:
Observations:
Dhaniya trading range for the day is 7614-7818.
Dhaniya gains due to slower sowing progress for the upcoming season.
Support also seen increased festive buying along with robust export demand.
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 @ 7650 SL 7550 TGT 7750-7850. NCDEX
Turmeric:
Observations:
Turmeric trading range for the day is 13334-15422.
Turmeric dropped as buying activities has been slower
Pressure also seen amid expectation of release of stocks ahead of commencement of new crops.
Prices also dropped amid Improved crop condition due to favorable weather condition.
BUY TURMERIC APR @ 13800 SL 13500 TGT 14300-14500. NCDEX
In Nizamabad, a major spot market, the price ended at 13597.35 Rupees dropped by -1.51 percent
BUY TURMERIC APR @ 13800 SL 13500 TGT 14300-14500. NCDEX
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