Turmeric ended higher buoyed by enquiries from the overseas market and depleting stocks. Encouraging enquiries are coming from Dubai and it is supporting prices. Prices may escalate further from these levels. Arrivals in Nizamabad were 12,000 bags of 70 kilogram each compared with 22,500 bags Thursday. Turmeric yesterday we have seen that market has moved 1.52%. Market has opened at 11654 & made a low of 11365 versus the day high of 11880. The total volume for the day was at 9170 lots and the open interest was at 10590.Support for turmeric is at 11241 below that could see a test of 11045. Resistance is now seen at 11756 above that could see a resistance of 12075.

Trading Ideas:

Turmeric trading range is 11045-12075.

Turmeric ended higher buoyed by enquiries from the overseas market

Encouraging enquiries are coming from Dubai and it is supporting prices

Turmeric looks to have resistance at 11510 and support is at 11360.

Arrivals in Nizamabad were 12,000 bags compared with 22,500 bags

TMC TRADING IN THE RANGE A BREAK BELOW 11380 LOOK TO HOLD SUP AT 11200.