Sell Turmeric Apr @ 14700 SL 15000 TGT 14400-14200. NCDEX - Kedia Advisory
Jeera
Observations
Jeera trading range for the day is 21980-23480.
Jeera dropped as demand is low and the current export business is being met from the available stock.
The current season is expected to have similar production levels as last year due to better crop conditions and good sowing.
Carry-forward stock of about 16 lakh bags is expected at the end of season.
In Unjha, a major spot market, the price ended at 23992.85 Rupees dropped by -0.4 percent.
BUY JEERA MAR @ 22300 SL 22000 TGT 22600-22800. NCDEX
Dhaniya
Observations
Dhaniya trading range for the day is 8524-8680.
Dhaniya dropped mainly due to the off-season and good sowing reports of this year's crop.
Further, the cool weather is proving favourable for the crops, and there are no significant reports of damage.
With export opportunities yet to materialise, the market will now depend on the arrival of fresh crops.
In Gondal, a major spot market, the price ended at 7829.55 Rupees dropped by -0.14 percent.
SELL DHANIYA APR @ 8600 SL 8700 TGT 8500-8400. NCDEX
Turmeric
Observations
Turmeric trading range for the day is 13734-15862.
Turmeric dropped as harvesting has commenced in Karnataka and Andhra Pradesh.
Although concerns over slow growth of rhizomes and low yield estimates persist.
With the arrival of new crop likely to increase after Makar Sankranti, supply is expected to increase.
In Nizamabad, a major spot market, the price ended at 14123.35 Rupees dropped by -0.54 percent.
SELL TURMERIC APR @ 14700 SL 15000 TGT 14400-14200. NCDEX
