Turmeric ended lower as traders opted to book profits after prices rose nearly 15 percent in the nine sessions till Monday. Traders have booked profit after a huge rally in the prices. But in spot markets arrivals have come down. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 11 rupees to end at 12,565 rupees. Turmeric yesterday we have seen that market has moved -1.41%. Market has opened at 12599 & made a low of 12326 versus the day high of 12668. The total volume for the day was at 13370 lots and the open interest was at 12410.Support for turmeric is at 12272 below that could see a test of 12128. Resistance is now seen at 12614 above that could see a resistance of 12812.

Trading Ideas:

Turmeric trading range is 12127-12811.

Turmeric ended lower as traders opted to book profits

Turmeric looks to have resistance at 12480 and support is at 12360.

Turmeric exports in February 2010 stood at 2,500 tonnes

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In Nizamabad spot price gained 11 rupees to end at 12,565 rupees per 100kg.