Turmeric futures jumped more than a 2 percent on saturday as pressure from rising arrivals in the physical market and weak exports offset depleting stocks, Estimations of higher output also weighed on prices, Market has witnessed a short term pull back on low arrival abut overall fresh selling can be hit in the market as arrivals will pick up further, arrivals usually start in mid-January in small quantities, gain momentum from March and continues through June.

Turmeric exports in December remained flat at 3,250 tonnes from a year ago, the Spices Board said. Turmeric yesterday we have seen that market has moved 2.03%. Market has opened at 6910 & made a low of 6910 versus the day high of 7248. The total volume for the day was at 10250 lots and the open interest was at 24070.Support for tmc is at 6981 below that could see a test of 6776. Resistance is now seen at 7319 above that could see a resistance of 7452.

Turmeric trading range is 6776-7452.

Turmeric hit the upper circuit yesterday on low-level buying driven by depleting stocks

Turmeric is having support at 7080 whereas resistance is at 7316.

In Nizamabad spot market prices jumped by 45 rupees to 9,990 rupees.

BUY TMC MAR @ 7050 SL 7000 TGT 7094-7138-7190.NCDEX

Poor stocks and lower levels may attract buying in turmeric.