Turmeric as per expectation yesterday dipped on profit Turmeric yesterday we have seen that market has moved -3.09%.
Market has opened at 11450 & made a low of 11118 versus the day high of 11578. The total volume for the day was at 44610 lots and the open interest was at 16200.
Support for turmeric is at 11057 below that could see a test of 10857. Resistance is now seen at 11517 above that could see a resistance of 11777.
Trading Ideas:
TURMERIC TRADING RANGE IS 10700-11500.
TURMERIC GOING STRONG ON SHORT COVERING AND HIT FRESH CONTRACT HIGHS
SELL TMC NOV BELOW 11200 SL 11290 TGT 11125-11050-10960.
NOW RES IS AT 11270 ABV THIS A RALLY TILL 11380-11500 CAN BE SEEN.
IN NIZAMABAD SPOT PRICES SURGED 995 RUPEES AT 11,802 RUPEES PER 100 KG
SHORTCOVERING WILL LIKELY TO BE THERE TODAY ALSO.
Courtesy: Kedia Commodities Want to get Futures prices on your mobile? Click here
