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Home » Farmers demand turmeric markets be reopened. Agri-commodity levels.
Agri Commodity

Farmers demand turmeric markets be reopened. Agri-commodity levels.

Agri Levels

21st April 2020

 

Agri-commodity levels update

A rise in the demand of Turmeric as an antioxidant amid a rise in the number of Coronavirus cases in the country. The farmer’s association is asking for the market to get reopened to meet the rising demand. The demand for Turmeric has gone up while the supply is restricted because of the nation-wide lockdown due to which farmers have not been able to sell their produce.

 

Technical Aspect

 

Soybean (May)

Soybean has its support at 3620 and resistance 3700.

Break and sustain below 3620 will see a fall till 3550—3500 levels or else it can touch its resistance level of 3700 again.

Sell it on rise!

Trade with levels only.

 

CPO (April)

CPO has its support at 635 and resistance 652.

Break and close below 635 will see a fall till 610—590 levels or else it can touch its resistance level of 652 again.

Do no jump to buy yet!

Trade with levels only.

 

Turmeric (May)

Turmeric has its support at 5450 and resistance 5750.

Break and sustain below 5450 will see a fall till 5100—4850 levels or else it can touch its resistance level of 5750 again.

Sell it on rise!

Trade with levels only!

 

Guar seed (May)

Guar seed has its support at 3300 and resistance is seen at 3370.

Break and sustain below 3300 will see a fall till 3230—3180 levels or else it can touch its resistance level of 3370 again.

Sell it on rise!

Trade with levels only.

 

Chana (May)

Chana has its support at 4020 and immediate resistance is 4090.

Break and sustain below 4020 will see a fall till 3950—3900 or else it can touch its resistance level of 4090 again.

Sell it on rise!

 

Rmseed (May)

 

Support seen at 3940 while Resistance is 4010.

Break and sustain below 3940 will take it to 3870—3810 mark or else it can touch its resistance level of 4010 again.

Sell it on rise!

Trade with levels only.

 

Click here to know our previous Agri Commodity update.

 


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