Turmeric edged down in a volatile trade as hopes recent rains in growing areas would improve yields outweighed depleting stockpile. In Nizamabad spot market the price rose by 113 rupees to 10,340 rupees per 100 kg. Turmeric yesterday we have seen that market has moved -0.59%.

Market has opened at 9443 & made a low of 9253 versus the day high of 9766. The total volume for the day was at 35280 lots and the open interest was at 14110. Support for turmeric is at 9257 below that could see a test of 8999. Resistance is now seen at 9770 above that could see a resistance of 10025.

Trading Ideas:

TURMERIC TRADING RANGE IS 9250-9800.

TURMERIC YESTERDAY EASED ON BETTER YIELD HOPES

STILL SELLING PRESSURE WILL BE SEEN IN THE COUNTER FOR TGT 9200 LEVEL.

BUY TMC DEC ON DIP @ 9200-280 SL 9148 TGT 9340-9400-9490.NCDEX

NOW RES IS AT 9620 ABV THIS A RALLY IS EXPECTED TILL 9750-9900.

IN NIZAMABAD SPOT PRICES GAINED BY 113 RUPEES TO 10340.40 RUPEES PER 100 KG