23:48
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Indian turmeric futures rose on some lower-level buying and export demand though mounting stocks and conducive weather for the sown crop limited the upside. Turmeric cultivation usually starts in the last week of May and continues till August, and a lengthy harvesting process begins from January. Fresh export as well as festive demand may support prices. However, huge carryover stocks may cap the upside. Turmeric sowing is complete in the top growing areas and the weather is favourable for the crop's growth.
CS TURMERIC (OCT.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5054,
SUP2:5008,
RESIST1:5350,
RESIST2:5468,
TRADING STRATEGY: SELL ON RISE.
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CS TURMERIC (OCT.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5054,
SUP2:5008,
RESIST1:5350,
RESIST2:5468,
TRADING STRATEGY: SELL ON RISE.
stock tips
commodity tips
equity tips
Get free trial
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