Turmeric yesterday we have seen that market has moved -4% on technical correction after rising more than 9 percent in the last four sessions. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 408.5 rupees to end at 15,130 rupees. Market has opened at 15321 & made a low of 14529 versus the day high of 15430. The total volume for the day was at 22110 lots and the open interest was at 10540.Support for turmeric is at 14229 below that could see a test of 13928. Resistance is now seen at 15130 above that could see a resistance of 15730.

Trading Ideas:

Turmeric trading range is 13938-15740.

Turmeric ended down on technical correction after rising more than 9 percent

Turmeric looks to have resistance at 14620 and support is at 14440.

Yesterday we have seen that open interest fell by 1060 and volume rose by 14760

In Nizamabad spot prices settled at 15130 rupees per 100 kg.

SELL TMC JUNE BELOW 14500 SL 14580 TGT 14440-14360-14280.NCDEX