Thursday, July 2, 2015

NCDEX Turmeric To trade at bearish note today : 1 July 2015 | Ncdex Turmeric Tips

NCDEX Turmeric July contract was moving up by 1.2 per cent to 7088 level today morning but the uptrend was limited due to the above normal rains in growing states of Andra Pradesh and Tamil Nadu. However prospects of Monsoon weakening in July is supporting the market sentiments as any adverse report on the weather front would adversely affect the sowing of the new crop.

NCDEX Turmeric July contract is trading at bearish for short term and side ways for intra day. Short term support for NCDEX Turmeric June contract is seen at 6400 and resistance at 7600. Intra day support is seen at 7000 and resistance at 7100 told by Commodity MCX NCDEX Calls experts.

 NCDEX Soybean futures is trading Sideways , August contract is sideways for short term and positive for intra day. Short term support is seen at 3550 and resistance at 3750. Intraday support is visible at 3550 3600 with a resistance of 3640.

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