Turmeric wiped out early losses to end higher on bargain-buying, supported by low stocks and overseas inquires. Fundamentals are very supportive and prices are likely to rise further. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 165 rupees to end at 14,830 rupees. Turmeric yesterday we have seen that market has moved 2.29%. Market has opened at 14815 & made a low of 14177 versus the day high of 14915. The total volume for the day was at 17250 lots and the open interest was at 9920.Support for turmeric is at 14330 below that could see a test of 13884. Resistance is now seen at 15068 above that could see a resistance of 15360.

Trading Ideas:

Turmeric trading range is 13884-15360.

Turmeric wiped out early losses to end higher on bargain-buying

Turmeric looks to have resistance at 14860 and support is at 14700.

Yesterday we have seen that open interest rose by 640 and volume by 2550

TMC LOOK TO TRADE ABV 14600 CAN JUMP TILL 14900 LEVEL.

In Nizamabad spot prices rose by 165 rupees and settled at 14830 rupees per 100 kg.