Turmeric ended on 4% upper circuit supported by robust demand from the overseas buyers and low stocks. Turmeric exports in February 2010 stood at 2,500 tonnes, down 19 percent from a year ago. Turmeric yesterday we have seen that market has moved 4%. Market has opened at 11410 & made a low of 11410 versus the day high of 11894. The total volume for the day was at 10440 lots and the open interest was at 11150. Support for turmeric is at
11571 below that could see a test of 11249. Resistance is now seen at 12055 above that could see a resistance of 12217.

Trading Ideas:

Turmeric trading range is 11249-12217.

Turmeric ended on 4% upper circuit supported by robust demand from the overseas buyers

Turmeric looks to have resistance at 11960 and support is at 11830.

Yesterday we have seen open interest has rose by 560 and volume by 1270.

In Nizamabad spot pries were ended at 11828.50 rupees per 100kg.

BUY TMC MAY ON DIP @ 11710 SL 11650 TGT 11780-11840-11888.NCDEX