MCX TURMERIC (APR)
As shown on the above chart, NCDEX Turmeric is trading in upward slopping channel signifying short term strength in prices. Initially some downside could been, but overall bias looks sideways to up till holds above 6935 which act as major support. Immediate resistance is at 7490 and sustained breach above the same could extend upside. Any dip towards 7100 can be used as good buying opportunity, but our view will negate if it trades below 6935
STRATEGY: BUY NCDEX APR TURMERIC AT 7100 – 7050 SL 6935 TGT 7370 - 7450
MCX CARDAMOM (FEB)
MCX Cardamom traded with positive bias in the last three trading sessions and looks to continue the same. Initially some downside could be seen on back of profit booking, but overall bias remains positive till holds above 728 which act as major support. Immediate resistance is at 785 and sustained breach above the same could target 811
STRATEGY: BUY MCX CARDAMOM AT 755 – 745 SL BELOW 728 TGT 811
As shown on the above chart, NCDEX Turmeric is trading in upward slopping channel signifying short term strength in prices. Initially some downside could been, but overall bias looks sideways to up till holds above 6935 which act as major support. Immediate resistance is at 7490 and sustained breach above the same could extend upside. Any dip towards 7100 can be used as good buying opportunity, but our view will negate if it trades below 6935
STRATEGY: BUY NCDEX APR TURMERIC AT 7100 – 7050 SL 6935 TGT 7370 - 7450
MCX CARDAMOM (FEB)
MCX Cardamom traded with positive bias in the last three trading sessions and looks to continue the same. Initially some downside could be seen on back of profit booking, but overall bias remains positive till holds above 728 which act as major support. Immediate resistance is at 785 and sustained breach above the same could target 811
STRATEGY: BUY MCX CARDAMOM AT 755 – 745 SL BELOW 728 TGT 811
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