Technically market is under long liquidation as market has witnessed drop in open interest by -9.44% to settled at 4653 while prices down -5 rupee, now CPO is getting support at 472.4 and below same could see a test of 464.5 level, and resistance is now likely to be seen at 486.6, a move above could see prices testing 492.9.
Jeera settled up by 3.69% at 15020 on rising demand from stockists and traders at the spot market. Though, Good weather conditions for cumin crop in Gujarat and limited export demand, capped some gains.
Technically market is under fresh buying as market has witnessed gain in open interest by 10.89% to settled at 7299 while prices up 535 rupee, now Jeera is getting support at 14670 and below same could see a test of 14325 level, and resistance is now likely to be seen at 15210, a move above could see prices testing 15405.
Turmeric settled down by -1.4% at 8582 amid profit booking after gaining as there are reports of better quality and fears of lower output.
Technically market is under fresh selling as market has witnessed gain in open interest by 1.34% to settled at 23530, now Turmeric is getting support at 8476 and below same could see a test of 8370 level, and resistance is now likely to be seen at 8764, a move above could see prices testing 8946.
Chana settled up by 0.09% at 4312 on profit booking after gaining due to limited supplies from the new season crop coupled with higher physical demand from traders and stockists.
Technically market is under fresh buying as market has witnessed gain in open interest by 3.17% to settled at 29270 while prices up 4 rupee, now Chana is getting support at 4288 and below same could see a test of 4263 level, and resistance is now likely to be seen at 4344, a move above could see prices testing 4375.
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