Turmeric pared early losses to end steady on thin stocks, but hopes of higher output, a drop in November exports and start of arrivals from new crop in small amounts weighed. Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March. The peak season runs till June.  In Nizamabad, a major spot market in Andhra Pradesh, the price fell by 72 rupees to 10,545 rupees. Turmeric yesterday we have seen that market has settled flat. Market has opened at 7336 & made a low of 7250 versus the day high of 7475. The total volume for the day was at 15820 lots and the open interest was at 17800.Support for turmeric is at 7259 below that could see a test of 7142. Resistance is now seen at 7484 above that could see a resistance of 7592.

Trading Ideas:

Turmeric trading range is 7000-7700.

Turmeric pared early losses to end steady on thin stocks

Turmeric is having support at 7260 and resistance at 7480 level.

In Nizamabad spot prices fell over 71 rupees to settle at 10544 rupees per 100 kg

BUY TURMERIC APR @ 7250 SL 7200 TGT 7286-7322-7370.NCDEX