Turmeric ended lower retreating from a fresh contract high, on profit booking triggered as prices rose 30 percent in the last 11 session. In Nizamabad, a major spot market in Andhra Pradesh, the price fell 45 rupees to end at 15,482 rupees. Turmeric yesterday we have seen that market has moved -2.94%. Market has opened at 15498 & made a low of 14802 versus the day high of 15498. The total volume for the day was at 11540 lots and the open interest was at 8070.Support for turmeric is at 14624 below that could see a test of 14365. Resistance is now seen at 15320 above that could see a resistance of 15757.

Trading Ideas:

Turmeric trading range is 14365-15757.

Turmeric ended lower retreating from a fresh contract high on profit booking

Turmeric looks to have resistance at 14780 and support is at 14960.

Yesterday we have seen that open interest rose by 320 and volume by 2940

TMC BELOW 15000 LOOK TO HOLD SUPPORT AT 14780 LEVEL.NCDEX

In Nizamabad spot prices dropped 45 rupees to end at 15482 rupees per 100 kg.