Sell Dhaniya Apr @ 8700 SL 8800 TGT 8600-8500. NCDEX - Kedia Advisory
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Jeera
Observations
Jeera trading range for the day is 23210-23550.
Jeera dropped on profit booking after prices gained as sowing has been delayed
Higher day temperatures in the past few weeks has impacted the seeding of jeera and has also led to poor germination in various places.
Jeera exports during Apr-Oct 2024, rose by 77.37 percent at 135,450.64 tonnes as compared to Apr-Oct 2023.
In Unjha, a major spot market, the price ended at 24172.95 Rupees gained by 0.02 percent.
BUY JEERA MAR @ 23100 SL 22800 TGT 23400-23600. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 8558-8774.
Dhaniya dropped on profit booking after prices gained driven by the opening of export markets
Sowing has been delayed due to excessive soil moisture, limiting future supply.
Lower carryover stocks at production centers further tighten the market.
In Gondal, a major spot market, the price ended at 7900.8 Rupees gained by 0.46 percent.
SELL DHANIYA APR @ 8700 SL 8800 TGT 8600-8500. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 14846-15426.
Turmeric gains amid reports of low supplies till the arrival of new crop.
However upside seen limited as turmeric crop is reported to be in good to excellent condition.
In Indonesia, dry weather has accelerated harvesting, which is currently at peak levels.
In Nizamabad, a major spot market, the price ended at 14199.75 Rupees gained by 0.23 percent.
BUY TURMERIC APR @ 15000 SL 14750 TGT 15250-15400. NCDEX
