NCDEX TURMERIC TO TRADE ON SIDEWAY

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• Turmeric December futures were marginally up on Thursday at India's National Commodity& Derivatives Exchange(NCDEX) due to lower level demand in spot market as well as fresh buying interest seen in the futures market.
• Turmeric futures may trade sideways. Limited arrivals may support the prices however profit booking in futures market may restrict the sharp gains. Turmeric December contract rose 0.22% to 6320 level on Thursday  at NCDEX.
• Turmeric is likely to trade sideways for both short term and intra day with short term support at 6150 and resistance at 6640. Intra day support is seen at 6250 and resistance at 6370.