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
