Commodity NCDEX Turmeric bearish, likely to trade down in near term

 Over all trend for turmeric NCDEX with in september future delivery is looking negative and likely to trade down in near term as well. Support is seen at 6440 and other hand 6719 resistance for long term.Turmeric dipped 0.7% to Rs 6448 per quintal at 11.30hrs.

The demand for yellow spice in the spot market is low due to absence of buying activity. Around 80% of the supplies coming to market contain inferior variety, hurting the trade activity. The prices are also driven by huge carry-over stocks and higher acreage in Telangana.

Trading tips for today's business

 HCL Tech: All investors can buy HCL tech with in current market price with in targets 1590 stop loss 1505. you can hold it near at 3 to 5 days.

Bharti Airtel: Long term investors can buy Bharti airtel near at cmp targets 382 to 386 stop loss 366 hold it 5 days.

TVS Motor: (for 1-3 days Buy) targets 177/180 with in stop loss 165.

Infosys: (for 2-3 days Buy) target of Rs 3630 and stop loss Rs 3450.

DLF: (for 2-3 days Sell) target of Rs 193 stop loss of Rs 207.

Stocks ICICI Bank, Cairn, Petronet LNG, Bharat Forge, Exide, bank of baroda & HDFC Bank Trading levels...

ICICI Bank (1491) 1505 a crucial hurdle up to which profit booking will be seen. Down break below 1459 heavy profit booking will drag it down to 1431 & 1413. Up crossover above 1505 it'll spurt up to 1548 & 1573.

CAIRN : (319) Buy 316 a crucial support SL 312. Up it'll spurt up to 325, 328 & 334.

PETRONET LNG: (180) Sell 185 a crucial hurdle SL 189. Down it'll fall down to 172 & 166.

BHARAT FORGE : (748) Buy 739-737 a crucial support SL 726. Up it'll spurt up to 755, 765 & thereafter to 782.

EXIDE: (165.50) Crossover above 167.50 heavy fresh buying will take it up to 173 & 176.50. Down 163 & 160.50 crucial supports.

BOB : (899) 889 a crucial support, SL 879 to your buys. Up crossover above 911 it'll surge up to 924 & 935-944. Down break below 879 it'll turn weak & fall down to 873 & 863.

HDFC Bank : (813) Sell 818 a crucial resistance SL 823. Down it'll fall down to 805 & 792.