Fresh buying seen in Turmeric, open interest up 8.32%
- Turmeric settled up by 3.12% at 8260 driven by rising domestic as well as export demand in the spot market. Besides, tight supplies from producing regions in the physical market also supported the upside.
- Turmeric showed a Bullish trend as falling stocks amidst rise in Festive season domestic and export demand kept trend firm. Demand is expected to pick up further in coming weeks.
- Technically market is under fresh buying as market has witnessed gain in open interest by 8.32% to settled at 24545.
- Now Turmeric is getting support at 8098 and below same could see a test of 7934 level, and resistance is now likely to be seen at 8368, a move above could see prices testing 8474.
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