NCDEX Turmeric under fresh buying Support seen at 6352
India, Jan. 15 -- Technically Turmeric market is under fresh buying as market has witnessed gain in open interest by 0. 63% to settled at 5575 while prices up 54 rupees.Now NCDEX Turmeric is getting support at 6352 and below same could see a test of 6298 levels and resistance is now likely to be seen at 6450 a move above could see prices testing 6494.Turmeric on NCDEX settled up by 0.85% at 6404 in anticipation of the declaration of minimum support price (MSP) for the spice by Andhra Pradesh. Prices have increased at a time when the spice industry is waiting for a fresh harvest in February-March.The next crop is expected to be a good one as sowing has increased in Telangana Andhra Pradesh and Maharashtra because of good rains. The crop in T...
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