Turmeric rose for a sixth straight session to hit contract highs on fresh buying bolstered by low stocks and moisture in the new arrivals. Open interest is increasing in the April contract indicating fresh buying. Also there is some moisture in the fresh arrivals of Turmeric.  In Nizamabad, a major spot market in Andhra Pradesh, the price jumped 589 rupees to end at 9,173 rupees against Friday's close. Turmeric yesterday we have seen that market has moved 4%. Market has opened at 8951 & made a low of 8951 versus the day high of 9126. The total volume for the day was at 910 lots and the open interest was at 28190.Support for turmeric is at 9009 below that could see a test of 8893. Resistance is now seen at 9184 above that could see a resistance of 9243.

Trading Ideas:

Turmeric trading range is 8893-9243.

Turmeric rose on fresh buying bolstered by low stocks and moisture in new arrivals

Resistance for turmeric is at 9060 and support is at 9185 level.

Yesterday we have seen that open interest at 28190 and volume at 910 lots.

In Nizamabad spot prices rose over 589 rupees and ended at 9173 rupees.

TMC ABOVE 9100 LOOK FIRM TILL 9250 LEVEL. CORRECTION IS DUE BE ALERT