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JEERA

Observations

 * Jeera trading range for the day is 24780-26040.

* 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 28335.2 Rupees gained by 0.01 percent.

SELL JEERA APR @ 25800 SL 26300 TGT 25200-24800. NCDEX

DHANIYA

Observations

Dhaniya trading range for the day is 7964-8312.

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 @ 8200 SL 8300 TGT 8100-8000. NCDEX

TURMERIC

Observations

* Turmeric trading range for the day is 17762-20154.

* 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 16493.5 Rupees gained by 7 percent.

SELL TURMERIC APR @ 19000 SL 19400 TGT 18500-18200. NCDEX