NCDEX TURMERIC FUTURES TRADE ON POSITIVE NOTE

• Turmeric December futures traded on a positive note on Tuesday at India's National Commodity& Derivatives Exchange(NCDEX).
• The yellow spice is bullish for short term and sideways trade can be expected for intra day. Turmeric December contract gained 0.7% to 6360 level on Tuesday at NCDEX.
• Turmeric is likely to trade bullish for short term and side ways for intra day with short term support at 6150 and resistance at 6540. Intra day support is seen at 6300 and resistance at 6410.
• Sowing of Turmeric in AP for the 2014-15 season is reported at 0.13 lakh ha, as against 0.1 lakh ha last year and a normal sowing of 0.19 lakh ha.