Turmeric fell for a fifth consecutive session as selling pressure mounted on profit-taking. Lack of major demand from buyers with arrival of new crop in next couple of months is also leading to the sharp fall in prices. In Nizamabad spot market the price fell by over 385.65 rupees to 9,999.45 rupees per 100 kg.

Turmeric yesterday we have seen that market has moved -3.99%. Market has opened at 9200 & made a low of 8730 versus the day high of 9200. The total volume for the day was at 13430 lots and the open interest was at 12830. Support for turmeric is at 8573 below that could see a test of 8417. Resistance is now seen at 9043 above that could see a resistance of 9357.

Trading Ideas:

TURMERIC TRADING RANGE IS 8800-9300.

TURMERIC ENDED DOWN FOR THE FIFTH SESSION ON PROFIT BOOKING.

SELL TMC BELOW 8680 SL 8750 TGT 8600-8540-8465. NCDEX.

NOW RESISTANCE IS AT 8860 AND SUPPORT IS AT 8580 LEVEL.

IN NIZAMABAD PRICE FELL BY OVER 385 RUPEES TO 9999.45 RUPEES PER 100 KG.

OVERALL BELOW 9000 MARK LOOK TO TAKE SUPPORT AT 8560 LEVEL.