Turmeric ended 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 ended at 14,830 rupees. Turmeric yesterday we have seen that market has moved 1.67%. Market has opened at 14555 & made a low of 14490 versus the day high of 14900. The total volume for the day was at 8650 lots and the open interest was at 11370.Support for turmeric is at 14536 below that could see a test of 14308. Resistance is now seen at 14946 above that could see a resistance of 15128.

Trading Ideas:

Turmeric trading range is 14308-15128.

Turmeric ended higher on bargain-buying, supported by low stocks

Turmeric looks to have resistance at 14820 and support is at 14680.

Yesterday we have seen that open interest rose by 910 and volume fell by 4630

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

In Nizamabad spot prices settled at 14830 rupees per 100 kg.