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TURMERIC TECHNICAL OUTLOOK :-
Turmeric Oct’12, futures prices marginally moved up to close at Rs 5674 levels.
Entry got initiated, now traders are advised to continue with short position.
Prices are trading along negative channel to suggest further correction ahead of the
session.
Resistance is at Rs 5801 levels violation of this it could extend to Rs 5940 levels.
Support is at Rs 5591 breach of this level, then it could correct to Rs 5520 levels.
CHILLI TECHNICAL OUTLOOK :-
Chilli Oct’12, Futures prices marginally corrected by 58 rupees to close at Rs 5260 levels.
Market is at same level, so traders are advised to continue with long position.
Prices traded within the range of Rs 5332 to 5250 levels.
Resistance is at Rs 5434 levels and next one is at Rs 5584 levels.
Support is at Rs 5154 levels and next support is at Rs 5094 levels
.
Traders are advised to continue with long position.