Turmeric reversed early gains to end lower as rising arrivals in spot, hopes of higher output and weak exports offset low-level buying. In Nizamabad spot market the price inched up 6 rupees to 10,416 rupees. Turmeric yesterday we have seen that market has moved -0.73%. Market has opened at 7026 & made a low of 6816 versus the day high of 7030. The total volume for the day was at 15640 lots and the open interest was at 21310.Support for turmeric is at 6801 below that could see a test of 6701. Resistance is now seen at 7015 above that could see a resistance of 7129.

Trading Ideas:

Turmeric trading range is 6700-7100.

Turmeric reversed early gains to end lower as rising arrivals in spot offset low-level buying

Turmeric is having support at 6810 whereas resistance is at 7015.

In Nizamabad spot market prices gained by 6 and settled at 10,416 rupees

Yesterday we have seen that open interest has rose by 710 lots and volume by 2510.

TMC TRADING IN THE RANGE 6800-7100 LEVEL