Turmeric hit lower circuit with profit booking at its peak

AHMEDABAD (Commodity Online): Turmeric prices traded weak on NCDEX on selling sentiments technically today. April contract opened at 10750 and made low of 10400 per quintal hitting 2% lower limit during trading session.
“Technically, support for Turmeric April future is at 10110,” said Anil Patadia, Commodity Analyst with Commodity Online.
Bumper crop expectations this year due to favorable weather conditions and constant demand kept prices direction less for short run. Ultimate direction for turmeric is upside.
“Fundamentally, Turmeric is moderate. Profit booking is taking place at this stage. Intraday traders should trade as per momentum for safe trading,” said Patadia.

(Source: http://www.commodityonline.com/marketmovers/Turmeric-hit-lower-circuit-with-profit-booking-at-its-peak-2011-03-11-3213-3-1.html)