Sell Jeera Apr @ 24600 SL 25000 TGT 24200-23800. 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 23440-25560.
* Jeera dropped as jeera acreage hits a four-year high in current season.
* However downside seen limited 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 27243.7 Rupees dropped by -0.68 percent.
SELL JEERA APR @ 24600 SL 25000 TGT 24200-23800. NCDEX
DHANIYA
Observations
* Dhaniya trading range for the day is 7602-8170.
* Dhaniya dropped amid huge stocks with farmers and stockists.
* However, downside seen limited amid lower sowing and 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%.
SELL DHANIYA APR @ 7900 SL 8000 TGT 7800-7700. NCDEX
TURMERIC
Observations
* Turmeric trading range for the day is 17914-19534.
* Turmeric dropped on profit booking after prices rose 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 16735.3 Rupees dropped by -1.11 percent.
SELL TURMERIC APR @ 19000 SL 19300 TGT 18600-18300. NCDEX
