CS TURMERIC UPDATE – 04 September 2013

Indian turmeric futures fell due to higher carry-forward stocks and on favourable weather. Sentiment is weak because stocks are very high and demand is not as expected. Turmeric sowing is complete in top growing areas and the weather is favourable for the crop's growth.

CS TURMERIC (SEP.) OVERVIEW:


TREND CONSOLIDATE


SUP1:5080,
SUP2:5054,
RESIST1:5360,
RESIST2:5494,


TRADING STRATEGY: SELL ON RISE.

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