Turmeric ended weak on profit-booking after rising more than 23 percent in the last 15 sessions till Monday. In Nizamabad, a major spot market in Andhra Pradesh, the price fell 295 rupees to end at 14,923 rupees. Turmeric yesterday we have seen that market has moved -2.72%. Market has opened at 14727 & made a low of 14083 versus the day high of 14850. The total volume for the day was at 13900 lots and the open interest was at 9410.Support for turmeric is at 13952 below that could see a test of 13634. Resistance is now seen at 14719 above that could see a resistance of 15168.

Trading Ideas:

Turmeric trading range is 13767-15301.

Turmeric ended weak on profit-booking after rising more than 23%

Turmeric looks to have resistance at 14350 and support is at 14200.

Yesterday we have seen that open interest rose by 310 and volume by 4690

WAIT FOR FRESH ENTRY TODAY ABV 14280 CAN JUMP TILL 14500 LEVEL.

In Nizamabad spot prices fell by 295 rupees and settled at 14922 rupees per 100 kg.