Looking forward, due to the onset of Kharif crops’ arrival, prices are likely to remain steady during October-December 2022 quarter, as we witnessed during most of September 2022, wherein prices capped 2 per cent range. Now, much will depend on Rabi Crop Planting’s intention, especially for China
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Currently, we are also seeing that the Fibonacci golden ratio is also coming near 24,400 level. So, closing once Nifty gets above that level on