Turmeric yesterday we have seen that market has moved 0.15% due to good demand from northern part of the country amid lower supplies. Festival demand is coming from northern India. Demand is likely to improve further in the coming days ahead of Diwali. In Nizamabad, a major spot market in AP, the price ended at 15110.5 rupees gained by 278 rupees. Market has opened at 12990 & made a low of 12900 versus the day high of 13080. The total volume for the day was at 2820 lots and the open interest was at 8985. Support for turmeric is at 12873 below that could see a test of 12797. Resistance is now seen at 13053 above that could see a resistance of 13157.

Trading Ideas:

Turmeric trading range is 12797-13157.

Turmeric ended positive due to good demand from northern part of the country

Turmeric is having resistance at 13053 and support at 12873 level.

NCDEX accredited warehouses turmeric stocks rose 161 tonnes to 4713 tonnes.

In Nizamabad, a major spot market in AP, the price ended at 15110.5 rupees gained by 278 rupees.