Turmeric ended higher on encouraging export demand, domestic enquiries and lower stocks. Local stockists and exporters are very active in the market as they are expecting further rise in the prices. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 265 rupees to 12,092 rupees per 100 kg. Turmeric yesterday we have seen that market has moved 2.4%. Market has opened at 12103 & made a low of 12002 versus the day high of 12345. The total volume for the day was at 15000 lots and the open interest was at 11000. Support for turmeric is at 12006 below that could see a test of 11833. Resistance is now seen at 12349 above that could see a resistance of 12519.

Trading Ideas:

Turmeric trading range is 11819-12505.

Turmeric ended higher on encouraging export demand and domestic enquiries

Turmeric looks to have resistance at 12260 and support is at 12120.

Yesterday we have seen open interest has fell by 200 and volume rose by 4560.

In Nizamabad spot pries rose by 265 rupees to 12092 rupees per 100kg.

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