Turmeric after the steady start manage to closed again higher on robust overseas demand, local enquiries and a decline in arrivals and the same trend is likely to continuous for the next couple of sessions. As the sentiment is strong on low stocks yesterday we have seen spot market in Andhra Pradesh was also traded firm and ended at 12554 rupees with the gained 65 rupees. Turmeric arrivals usually start in mid-January in small quantities and gain momentum from March. The peak season runs till June. Turmeric exports in February 2010 stood at 2,500 tonnes, down 19 percent from a year ago,for today's session market is looking to take support at 12389, a break below could see a test of 12185 and where as resistance is now likely to be seen at 12848, a move above could see prices testing 13103.

Trading Ideas:

Turmeric trading range is 12186-13104.

Turmeric after the steady start manage to closed again higher on robust overseas demand

Turmeric looks to have resistance at 12660 and support is at 12420.

Turmeric exports in February 2010 stood at 2,500 tonnes

BUY TMC MAY @ 12450-12470 SL 12380 TGT 12520-12590-12650.NCDEX

In Nizamabad spot prices settled at 12554 rupees per 100kg.