Turmeric to trade in 6762-6898 range: Achiievers Equities
According to Achiievers Equities, Turmeric gained on short covering after prices dropped on rising arrivals as the harvesting is going on in key producing states.
Turmeric trading range for the day is 6762-6898.
Turmeric gained on short covering after prices dropped on rising arrivals as the harvesting is going on in key producing states.
Moreover, turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared to last year.
Production of turmeric in Telangana is seen rising 35% on year to 251,000 tn 2016-17 (Jul Jun) due to favourable rains.
SELL TURMERIC APR 2017 @ 6900 SL 7020 TGT 6780-6650.NCDEX.
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