Jeera prices experienced a slight decline on Wednesday, closing down by 0.97% at Rs 24,020, influenced by ample near-term supplies and weak export demand in the context of sufficient existing stocks. Spot prices at Unjha, the key benchmark market, declined by 0.4% to Rs 23,768.15. Nonetheless, the potential for downside appears constrained, as weather-related disruptions Read More
The market is experiencing a period of short-term uncertainty, which is reflected in the shifting prices that are occurring around the 50-hour moving average. The position of the current support is approximately between Rs 5,580 and Rs 5,600, which is in line with the most recent basic levels. Retracement level corresponds to the observed resistance, Read More
A powerful short-term momentum in the market is indicated by the fact that the present price levels are constantly positioned above the 50-hour moving average. When it comes to intraday corrections, support is carefully positioned around the 11,100–11,000 range. A range of 11,600 to 11,650 is where resistance is seen, and this area coincides with Read More
Following the completion of a recent corrective phase, the present price levels are exhibiting indications of stabilization close to the 50-hour moving average. Within the region of 5,580–5,550, which coincides with the 200-hour moving average, a strong foundation can be seen. Inside the current market environment, we have identified immediate resistance inside the region of Read More
Turmeric prices experienced a slight increase, closing 0.02% higher at Rs 17,388, bolstered by arrivals that remained below the typical levels and ongoing demand both domestically and internationally. Market sentiment has shown signs of improvement, as both farmers and stockists have notably decreased their holdings, establishing a solid foundation in anticipation of the new crop’s Read More
At these lower levels, the recovery in pricing from the 200-hour moving average indicates that there is a significant demand for the product. The fifty-hour moving average is currently situated around approximately Rs 5,753, which acts as a key hurdle in the near term’s context. There has been a slow but steady improvement in the Read More
By rebounding from the 200-hour moving average, the current price action indicates that a solid foundation has been built. This is shown by the fact that the basis has been established. The 50-hour moving average is currently situated around approximately Rs 10,790, which acts as a substantial hurdle in the short term. A probable decrease Read More
