23:13
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CS TURMERIC (OCT.) OVERVIEW:
Indian turmeric futures fell on Wednesday due to conducive weather for the sown crop, while higher carryforward stocks weighed on sentiment. Turmeric futures are expected to trade on a negative note today as huge carryover stocks coupled with favourable climate may pressurise prices further. Turmeric sowing is complete in the major growing regions and the weather is favourable for its growth.
TREND BEARISH
SUP1:4770,
SUP2:4660,
RESIST1:5110,
RESIST2:5180,
TRADING STRATEGY: SELL ON RISE.
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