India: Tumeric up on export demand.

Date:	18-06-2010
Subject:	India: Tumeric up on export demand
AHMEDABAD : Turmeric July contract has moved up by 1.65% on NCDEX at 12a.m. “One can long Turmeric at 14700 a stop loss of 14600 target of 15000 said Hardik Shah, Sr. Commodity Analyst with Commodity Online. Turmeric are opened at 14700 and intraday low of 14698 during trading session and intraday high of 14942. Total volume for the day is around 5410 lots and open interest is around 7850. Turmeric July contract is gain from 14500 to 14942 in last 2 days . 14 days RSI for turmeric is at 45 and it is increasing continuously since last 2 trading days due to buying pressure. Resistance for Turmeric can be seen at 15000 and support level is at 13500. Source : Commodity Online

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