Turmeric extended losses on hopes of higher production due to expanded acreage, fresh arrivals and weak export demand. Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March. The peak season runs till June. In Nizamabad spot market price eased by 49 rupees to 10,484 rupees. Turmeric yesterday we have seen that market has moved -0.54%. Market has opened at 7550 & made a low of 7412 versus the day high of 7550. The total volume for the day was at 6910 lots and the open interest was at 18400.Support for turmeric is at 7428 below that could see a test of 7351. Resistance is now seen at 7566 above that could see a resistance of 7627.

Trading Ideas:

Turmeric trading range is 7250-7750.

Turmeric extended losses on hopes of higher production and fresh arrivals

Turmeric is having support at 7430 and resistance at 7570 level.

In Nizamabad spot prices by 49 rupees and settled at 10484 rupees per 100 kg

SELL TURMERIC APR BELOW 7480 SL 7560 TGT 7425-7380-7330-7270. NCDEX