Turmeric yesterday showed a moderately bullish trend as improved demand in mandis provided support to the rates. Lower stocks and some demand from North India provided support to the prices. Arrivals remained moderate in the mandis but traders expect demand to rise further in coming weeks that can support the rates. Turmeric yesterday we have seen that market has moved 0.51%. Market has opened at 7405 & made a low of 7347 versus the day high of 7528. The total volume for the day was at 17410 lots and the open interest was at 25460.Support for turmeric is at 7379 below that could see a test of 7272. Resistance is now seen at 7560 above that could see a resistance of 7634.

Trading Ideas:

Turmeric trading range is 7272-7634.

Turmeric yesterday showed a bullish trend on low level buying

Lower stocks and some demand from North India provided support to prices

Turmeric is having support at 7379 whereas resistance is at 7560.

BUY TMC APRIL @ 7380-7400 SL 7336 TGT 7432-7485-7522.NCDEX