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NCDEX Turmeric Short Term Bullish

Posted by : Karan Hakim on | Feb 25,2015

NCDEX Turmeric Short Term Bullish

We maintain our bullish view on NCDEX Turmeric as prices are trading in higher top higher bottom formation after making bottom of 3336. It has given breakout of ascending triangle pattern around 7500 levels and made a high of Rs.9680. After making high prices has come down to kiss trend line towards 7700 levels and bounce back is expected towards pattern target. Hence we recommend to go long on dips towards Rs.8770 for the target of Rs.9636.

About Kotak Commodities

Kotak Commodities is promoted by the Kotak family that has decades of experience in commodity trading, they have a full-fledged research division involved in macro & commodity complex research and commodity specific research. This is combined with a strong and well networked sales force, which helps deliver current and up-to-date market information and news. For more information visit their website. http://www.kotakcommodities.com/