Buy NCDEX Turmeric Apr Fut around Rs 6280-6310: Angel Comm

Angel Commodities has come out with its report on Mentha Oil and Turmeric. According to the research firm, one can buy NCDEX Turmeric April Future around Rs 6280-6310 with stoploss of Rs 6160 for a target of Rs 6490.

MCX Mentha Oil Feb Contract:

On the daily chart, price managed to close little above 20 EMA and MACD turned positive indicating bullish market sentiments. On hourly chart, price completed a flag pattern indicating potential upside.

Intraday Strategy: Buy MCX Mentha Feb between Rs 1314-1317, SL 1295, Target – 1345.

NCDEX Turmeric March Contract:

On the daily chart, price closed above 20 EMA and MACD turned positive indicating bullish market sentiments.

Intraday Strategy: Buy NCDEX Turmeric April between 6280-6310, SL 6160, Target 6490.

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