Turmeric fell 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. Turmeric exports in December remained flat at 3,250 tonnes from a year ago. In Nizamabad spot market the prices settled at 9,698.25 rupees.

Turmeric yesterday we have seen that market has moved -0.45%. Market has opened at 7490 & made a low of 7405 versus the day high of 7520. The total volume for the day was at 6300 lots and the open interest was at
23800. Support for turmeric is at 7395 below that could see a test of 7342. Resistance is now seen at 7510 above that could see a resistance of 7572.

Trading Ideas:

Turmeric fell as pressure from rising arrivals and weak exports offset depleting stocks

Turmeric is having support at 7395 whereas resistance is at 7510.

In Nizamabad spot market prices ended at 9,698.25 rupees

SELL TMC APRIL BELOW 7390 SL 7434 TGT 7340-7300-7255-7221. NCDEX

Yesterday we have seen that open interest at 23800 and volume at 6300 lots.