Turmeric rebounded from the previous losses on Saturday on weak arrivals as farmers awaited a further rise in prices, decent domestic demand and stockiest buying. Turmeric arrivals are seen falling in the Nizamabad and Erode mandis over the previous week. In Nizamabad, a major spot market in Andhra Pradesh, the price settled at 15321 rupees per 100 kg. Turmeric yesterday we have seen that market has moved 3.84%. Market has opened at 14700 & made a low of 14700 versus the day high of 15269. The total volume for the day was at 4780 lots and the open interest was at 8160.Support for turmeric is at 14883 below that could see a test of 14507. Resistance is now seen at 15452 above that could see a resistance of 15645.

Trading Ideas:

Turmeric trading range is 14507-15645.

Turmeric ended higher on weak arrivals and  decent domestic demand

Turmeric looks to have resistance at 15320 and support is at 15180.

Turmeric arrivals are seen falling in Nizamabad and Erode mandis over the previous week

WAIT FOR FRESH ENTRY AS RANGE IS 15000-15450 LEVEL.

In Nizamabad spot prices settled at 15321 rupees per 100 kg.