Turmeric hit the 4 percent upper circuit late yesterday on low-level buying driven by depleting stocks. In Nizamabad, a major spot market in Andhra Pradesh, the price edged down 4 rupees to 9,951 rupees. Poor stocks and lower levels may attract buying in turmeric. Turmeric yesterday we have seen that market has moved 3.68%. Market has opened at 6830 & made a low of 6827 versus the day high of 7059. The total volume for the day was at 15340 lots and the open interest was at 23720.Support for tmc is at 6904 below that could see a test of 6750. Resistance is now seen at 7136 above that could see a resistance of 7214.

Trading Ideas:

Turmeric trading range is 6750-7214.

Turmeric hit the upper circuit yesterday on low-level buying driven by depleting stocks

Turmeric is having support at 6904 whereas resistance is at 716.

In Nizamabad spot market prices dropped edged down 4 rupees to 9,951 rupees

BUY TMC APR @ 7060 SL 6990 TGT 7122-7175-7220.NCDEX

Poor stocks and lower levels may attract buying in turmeric