India: Turmeric up on export demand trend.

Date:	17-03-2010
Subject:	India: Turmeric up on export demand trend
AHMEDABAD: Turmeric April contract has moved up by 2.75% on NCDEX. Turmeric opened at 10034 made a low of 9995 and intraday high of 10359 during trading session. Total volume for the day is around 9730 lots and open interest is around 15410. “One can buy Turmeric at 10100 a stop loss of 10000 target of 10500said Hardik Shah, Sr. Commodity Analyst with Commodity Online. Turmeric April contract has increased from 7425 to 10359 per quintal in last 15 trading days. 14 days RSI for turmeric is at 75 and it is increasing continuously since last 5 trading days due to buying pressure. Resistance for Turmeric can be seen at 10800 and support level is at 9500. Source : Commodity Online

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