Turmeric futures erased early gains we have seen that market has moved -0.18% to end lower but may swing higher in the next session on buying interest at low-levels supported by depleting stocks market has opened at 7200 & made a low of 7083 versus the day high of 7289. Stockists are active in the market and market is expecting to hold above 7000 mark. Turmeric exports in December remained flat at 3,250 tonnes from a year ago, the Spices Board said. Turmeric arrivals usually start in mid-January in small quantities, gain momentum from March and continues through June expect pressure from rising arrivals, weak exports and estimates of higher output can weigh on prices. The total volume for the day was at 17890 lots and the open interest was at 25870.Support for tmc is at 7060 below that could see a test of 6968. Resistance is now seen at 7266 above that could see a resistance of 7380. Turmeric trading range is -4859-9719.

Turmeric traded in the range and hold the support of 7000 mark on low buying and depleting stocks

Turmeric is having support at 7080 whereas resistance is at 7316.

In Nizamabad spot market prices jumped by 12 rupees to 10008 rupees.

BUY TMC MAR @ 7140 SL 7080 TGT 7194-7238-7290.NCDEX

The total volume was at 17890 lots and the oi was at 25870 ,Poor stocks and lower levels may attract buying .