Turmeric ended lower for a second straight day on profit-taking triggered by weakness in spot demand. Domestic demand has slowed down at higher prices. Stockists are not active at current prices. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 149 rupees to end at 14,656 rupees.

Turmeric yesterday we have seen that market has moved -3.57%. Market has opened at 14240 & made a low of 13755 versus the day high of 14355. The total volume for the day was at 12160 lots and the open interest was at
10540. Support for turmeric is at 13585 below that could see a test of 13370. Resistance is now seen at 14185 above that could see a resistance of 14570.

Trading Ideas:

Turmeric trading range is 13370-14570.

Turmeric ended lower on profit-taking triggered by weakness in spot demand

Turmeric looks to have resistance at 13880 and support is at 13720.

Yesterday we have seen that open interest fell by 140 and volume rose by 1780

TMC BELOW 14000 LOOK TO TEST 13600 LEVEL.

In Nizamabad spot prices fell 149 rupees and settled at 14656 rupees per 100 kg.