India, Sept. 14 -- Technically Turmeric market is under fresh selling as market has witnessed gain in open interest by 6. 11% to settled at 9815 while prices down 10 rupees.
Now NCDEX Turmeric is getting support at 5978 and below same could see a test of 5928 levels and resistance is now likely to be seen at 6100 a move above could see prices testing 6172.
Turmeric yesterday settled down by 0.17% at 6026 as supply improved in the spot markets as a result of increased mandi arrivals. Pressure also seen amid reports of higher carry forwards stocks from last year due to higher production.
Production for the marketing year 2020-21 is expected to be around 5.20 lakh tonnes on the preliminary basis as against last year s production of 5.35 lak...