Turmeric futures ended higher for a second straight day and are expected to trade steady to firm on Thursday on depleting stocks and enquiries from North India, yesterday we have seen that market has moved 1.03%. Market has opened at 7119 & made a low of 7082 versus the day high of 7260. Turmeric exports in December remained flat at 3,250 tonnes from a year ago, the Spices Board said. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 50 rupees to 10,001 rupees. Marginal enquiries are coming from North India, Rising arrivals, hopes of higher output and weakness in other spices may weigh on prices, turmeric arrivals usually start in mid-January in small quantities, gain momentum from March and continues through June. The total volume for the day was at 16730 lots and the open interest was at 23300. Support for tmc is at 7056 below that could see a test of 6980. Resistance is now seen at 7234 above that could see a resistance of 7336.

Turmeric trading range is 7045-7151.

Turmeric edged down as rising arrivals, hopes of higher output and weak exports weighed

Turmeric is having support at 6727 whereas resistance is at 6877.

In Nizamabad spot market prices dropped 194 rupees to 9,955 rupees

BUY TMC MAR @ 7050 SL 7000 TGT 7094-7138-7190.NCDEX

Yesterday we have seen that open interest at 23150 and volume at 9430 lots. GOLD