Turmeric ended up as low carryover stocks supported sentiment but prices are likely to be weighed by rising arrivals. Prices in the coming sessions will fall on sluggish exports, rising arrivals and dull domestic enquiries. In Nizamabad, a major spot market in Andhra Pradesh, the price ended at 8,580.75 rupees.

Turmeric yesterday we have seen that market has moved 1.53%. Market has opened at 7900 & made a low of 7900 versus the day high of 8094. The total volume for the day was at 21430 lots and the open interest was at
29250. Support for turmeric is at 7909 below that could see a test of 7808. Resistance is now seen at 8103 above that could see a resistance of 8196.

Trading Ideas:

Turmeric trading range is 7808-8196.

Turmeric ended up as low carryover stocks supported sentiment

Resistance for turmeric is at 8080 and support is at 7940 level.

Yesterday we have seen that open interest at 29250 and volume at 21430 lots.

WAIT FOR FRESH ENTRY

In Nizamabad spot market price ended at 8,580.75 rupees per 100 kg.