Turmeric rose for a fifth straight session on improved spot demand and dwindling stockpiles, but a likely rise in production capped the gains. Turmeric output is likely to rise this year as farmers in southern and western India raised acreage under the spice. In the spot market in Nizamabad prices rose by 175 rupees to 10,382 rupees per 100 kg.

Turmeric yesterday we have seen that market has moved 0.81%. Market has opened at 7338 & made a low of 7310 versus the day high of 7417. The total volume for the day was at 8520 lots and the open interest was at 15280. Support for turmeric is at 7298 below that could see a test of 7250. Resistance is now seen at 7405 above that could see a resistance of 7464.

Trading Ideas:

Turmeric trading range is 7000-7700.

Turmeric rose for a fifth straight session on improved spot demand and dwindling stockpiles

Now resist for Turmeric is at 7405 and support will be at 7298.

In Nizamabad prices rose over 107 rupees and settled at 10382.05 rupees per 100 kg

BUY TURMERIC APR @ 7200 SL 7080 TGT 7290-7350-7410.NCDEX