Commodity	:	Turmeric
Exchange	:	NCDEX
Perspective	:	Very Short Term

NCDEX JULY CONTRACT





TECHNICALS:
From the chart we can witness that Turmeric prices are moving range bound between 7200-7500 level which is also acting as a good support and resistance and breaching the levels either side will further give the price direction. Prices are above the short term EMAs which supports firm sentiments. Market indicator MACD suggests decline in bearish sentiments. RSI suggests increase in bullish momentum in the markets. Overall the trend remains range bound to firm. In coming week if prices are able to breach 7500 levels then we could higher levels of 7700.


OUTLOOK:
Participants may buy at supports.


WEEKLY SUPPORT AND RESISTANCES (NCDEX):