Turmeric reversed a 2-day decline to end higher as low stocks and overseas inquires supported sentiment. Overseas demand may support the prices in long run. In Nizamabad the price fell 258 rupees to end at 14,665 rupees. Turmeric yesterday we have seen that market has moved 2%. Market has opened at 14309 & made a low of 13862 versus the day high of 14524. The total volume for the day was at 14700 lots and the open interest was at 9280.Support for turmeric is at 14083 below that could see a test of 13641. Resistance is now seen at 14745 above that could see a resistance of 14965.

Trading Ideas:

Turmeric trading range is 13641-14965.

Turmeric ended higher as low stocks and overseas inquires supported sentiment

Turmeric looks to have resistance at 14590 and support is at 14460.

Yesterday we have seen that open interest fell by 130 and volume rose by 800

In Nizamabad spot prices fell by 258 rupees and settled at 14665 rupees per 100 kg.

BUY TMC JUNE ABV 15530 SL 15470 TGT 15580-15640.NCDEX