Turmeric yesterday we have seen that market has moved 4.15% on bargain-buying triggered by a decline in arrivals and spot demand. Firm spot prices also supported the sentiment as price settled at 14,721 rupees per 100 kg. Market has opened at 14843 & made a low of 14786 versus the day high of 15134. The total volume for the day was at 7350 lots and the open interest was at 11600. Support for turmeric is at 14902 below that could see a test of 14670. Resistance is now seen at 15250 above that could see a resistance of 15366.

Trading Ideas:

Turmeric trading range is 14670-15366.

Turmeric ended higher on bargain-buying triggered by a decline in arrivals

Turmeric looks to have resistance at 15210 and support is at 15060.

Yesterday we have seen that open interest fell by 630 and volume by 5720

TMC ABV 15000 MARK LOOK FIRM TILL 15250 LEVEL.

In Nizamabad spot prices settled at 14721 rupees per 100 kg.