Turmeric shed nearly 3 percent as profit-booking emerged after prices rose more than 28 percent in the last 9 sessions. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 64 rupees to end at 15,504 rupees. Turmeric yesterday we have seen that market has moved -3.24%. Market has opened at 15200 & made a low of 14631 versus the day high of 15260. The total volume for the day was at 11170 lots and the open interest was at 7450. Support for turmeric is at 14483 below that could see a test of 14242. Resistance is now seen at 15112 above that could see a resistance of 15500.

Trading Ideas:

Turmeric trading range is 14242-15500.

Turmeric shed more than 3 percent on profit-booking

Turmeric looks to have resistance at 14610 and support is at 14840.

Yesterday we have seen that open interest fell by 930 and volume rose by 880

TMC BELOW 14800 LOOK WEAK TILL 14560 LEVEL

In Nizamabad spot prices dropped 64 rupees to end at 15540 rupees per 100 kg.

TMC BELOW 14800 LOOK WEAK TILL 14560 LEVEL