The NCDEX Turmeric futures pared yesterday’s gains on short selling. The benchmark Aug 08 contract trades at4508Rs/Quintal, after trading as low as 4492Rs/Quintal.The contract dropped Rs26 or0.57 percent during the session and added 1.67 percent in the open interest, which stood at 32270 lots as against 31740 lots yesterday, indicating short selling. Technically August contract is having next support at Rs4463, Rs4440 and resistance at Rs4540, Rs4555 per quintal.
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