Turmeric ended down on Saturday on fresh arrivals in spot market, hopes of higher output and weak overseas demand. Higher production estimate is also weighing on prices. Turmeric yesterday we have seen that market has moved -2.33%. Market has opened at 7280 & made a low of 7114 versus the day high of 7332.

The total volume for the day was at 7950 lots and the open interest was at 21270. Support for turmeric is at 7041 below that could see a test of 6968. Resistance is now seen at 7259 above that could see a resistance of 7405.

Trading Ideas:

Turmeric trading range is 6850-7350.

Turmeric ended down on Saturday on fresh hopes of higher output and weak overseas demand

Turmeric is having support at 7040 and resistance at 7190 level.

Higher production estimate is also weighing on prices.

SELL TURMERIC APR @ 7350-7400 SL 7490 TGT 7280-7210-7160. NCDEX