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NCDEX Turmeric price increased by four percent on Thursday as participants widened their positions, driven by pickup in demand at the spot market. According ground level sources, Turmeric crop damaged in Erode regions mainly due to water deficit and dry weather conditions In Tamil Nadu, Erode district yield may go down due to rainfall deficit and lower water levels in major dams ie Mettur and Bhavani sagar. However, Sowing area increased in Andhra and Telegana regions. And NCDEX accredited warehouses turmeric stocks dropped by  10-12%  from 4500 tones

BULLS vs. BEARS

Estimation of higher crops-Bear      Rise in demand at lower level -Bull      Imposed stock limits-Bear      Fall in area under cultivation-Bull

WEATHER

In Tamil Nadu, Erode district yield may go down due to rainfall deficit and lower water levels in major dams ie Mettur and Bhavani sagar. However,Sowing area increased in Andhra and Telegana regions. INTRADAY FUNDAMENTAL OUTLOOK Price will go up TECHNICAL LEVELS Expiry Date Closing Price R2 R1 P.P S1 S2 18th Nov 2016 7186 7421 7306 7082 6978 7024 Stock Future Tips: Symbol Expiry Date Open High Low Close NCDEX TMCFGRNZM   18/11/16 6966 7186 6874 7186 For Details visit us @ http://www.tradebizzindia.com/freetrial.php

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