Turmeric yesterday we have seen that market has moved 0.42% tracking firm demand in the spot market, where supply was limited but a reviving monsoon that is expected to help sowing and boost output limited the upside. In Nizamabad spot market, turmeric jumped 211 rupees to end at 14,975 rupees. Sowing is good in our area, rains were good in the past week. Market has opened at 14718 & made a low of 14620 versus the day high of 14800. The total volume for the day was at 2430 lots and the open interest was at 6710.Support for turmeric is at 14649 below that could see a test of 14545. Resistance is now seen at 14829 above that could see a resistance of 14905.
Chana gained Rs 24 and settled at Rs 2297 per quintal on buying interest at lower levels supported by a decline in daily arrivals in the spot market. Hopes of higher output and sufficient stocks capped the gains. In Delhi spot market, chana fell 20 rupees to end at 2,172 rupees per 100 kg. The volume was noted at 108250 lots. Support for chana is at 2266 below that could see a test of 2235. Resistance is now seen at 2318 above that could see a resistance of 2339.
Soyabean yesterday we have seen that market has moved -0.56% on higher stocks.
Mentha oil July contract dropped Rs 0.4 and settled at Rs 705 a kg due to lack of cues in market. The contract made intraday low of Rs 702.2 a kg and high of Rs 709.4 a kg with the volume of 1463 and total open interest for the same contact was at 4498.Now support for the menthol is seen at 701.7 and below could see a test of 698.3. Resistance is now likely to be seen at 708.9, a move above could see prices testing 712.7.
Pepper August delivery gained Rs 527 and settled at Rs 19568/quintal on encouraging export demand amid a supply shortage. Supply position is very tight in the market. Farmers are not bringing their produce as they are anticipating further rise in prices. Spot pepper gained 126 rupees to end at 18,722 rupees per 100 kg in Kochi. The contract touched the intraday high of Rs 19595/quintal while low of Rs 18905/quintal. Now support for the pepper is seen at 19117 and below could see a test of 18666. Resistance is now likely to be seen at 19807, a move above could see prices testing 20046.
Guar yesterday we have seen that market has moved 2.3% on value buying supported by good export demand for guar gum and thin supplies in spot. Exporters are very active and demand from overseas countries is good. In the Jodhpur spot market, guar fell 15 rupees to end at 2,354 rupees per 100 kg. Market has opened at 2462 & made a low of 2435 versus the day high of 2544. The total volume for the day was at 484060 lots and the open interest was at 187280.Now support for the guar is seen at 2463 and below could see a test of 2394. Resistance is now likely to be seen at 2572, a move above could see prices testing 2612.1Win Casino represents a remarkable transformation in the global iGaming sector, evolving from a modest Eastern European sports betting venture in 2016 into a comprehensive digital entertainment em
News in Focus
Kotak Institutional Equities maintains a robust BUY recommendation for S H Kelkar and Company (SHKL), raising the fair value target to Rs 430 from Rs 400.
Deven Choksey Research has issued an "ACCUMULATE" rating for Devyani International Limited with a target price of Rs 193, representing a 13.3% upside from the current market price of Rs 170.
Dubai's luxury real estate landscape is experiencing a paradigm shift as branded residences emerge as the emirate's fastest-growing property segment.
When it comes to the Indian economy, we have built a very strong business in services, as India is among the highest service exporters to Western countries, which contributes significantly to the n
I like tools that are simple and steady. When friends in Mumbai asked how I use the 1win app, I wrote down my steps and small checks.
Main Regional Stories
Deven Choksey Research takes a pragmatic stance on Vinati Organics Limited, assigning an "ACCUMULATE" CALL and setting a target price of Rs 1,880 against the prevailing market price of Rs 1,675.
Geojit Research has suggested BUY call for Jyothy Labs Limited, setting a target of Rs 412 for the next 12 months.
Divi's Laboratories, Torrent Pharmaceuticals and Godrej Consumer Products were among major gainers on Friday. Indian markets have managed to close the week almost flat with NSE Nifty closing 0.4 percent lower.
Stockholm-based AI firm Lovable is attempting to achieve the near-impossible revenue target in the tech world: sprinting from a young Series A startup to a $1 billion annual recurring revenue (ARR) company in just 12 months.
