Sell Jeera Mar @ 25800 SL 26300 TGT 25300-25000. NCDEX - Kedia Advisory
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JEERA
Observations
* Jeera trading range for the day is 24870-26090.
* Jeera dropped as jeera acreage hits a four-year high in the current rabi season
* However, downside seen limited in wake of emerging weather risk in Rajasthan and Gujarat 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 27721.85 Rupees dropped by -0.69 percent.
SELL JEERA MAR @ 25800 SL 26300 TGT 25300-25000. NCDEX
DHANIYA
Observations
* Dhaniya trading range for the day is 8056-8296.
* 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 16666-17706.
* Turmeric prices gained supported by reduced supplies in the spot market.
* However, upside seen limited as buying activities has been slower in expectation of new crops.
* Export has been slow down in recent months and expected to increase in wake of series of festivals ahead.
* In Nizamabad, a major spot market, the price ended at 15519.15 Rupees dropped by -0.42 percent.
SELL TURMERIC APR @ 17200 SL 17500 TGT 16800-16500. NCDEX
