India, Jan. 14 -- Technically Turmeric market is under fresh selling as market has witnessed gain in open interest by 0. 63% to settled at 7980 while prices down 146 rupees.
Now NCDEX Turmeric is getting support at 6014 and below same could see a test of 5952 levels and resistance is now likely to be seen at 6184 a move above could see prices testing 6292.
Turmeric yesterday settled down by 2.35% at 6076 due to excess stocks which will be 50-60% of the excess in the current year as carry forward in the next year.
However downside seen limited amid expectation of decrease in Turmeric sown area in the kharif sowing season 2020 across Nizamabad and Marathwada regions.
Covid-19 raised expectations regarding the consumption of turmeric as a ...