Turmeric ended steady as pressure from hopes of rising arrivals and weak exports was offset by low stocks. Markets will remain range-bound with a negative bias on weak fundamentals. Spot markets in Nizamabad are closed for Makar sankranti holidays till Sunday. Turmeric yesterday we have seen that market has moved 0.08%. Market has opened at 7425 & made a low of 7310 versus the day high of 7517. The total volume for the day was at 10950 lots and the open interest was at 18590.Support for turmeric is at 7308 below that could see a test of 7206. Resistance is now seen at 7515 above that could see a resistance of 7620.

Trading Ideas:

Turmeric trading range is 7100-7700.

Turmeric ended steady as pressure of weak exports was offset by low stocks

Turmeric is having support at 7310 and resistance at 7515 level.

In Nizamabad spot markets are closed for Makar sankranti holidays

MARKET IS IN THE RANGE WILL WAIT TO MAKE POSITION